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DIMBINIRINA RAMARIMBAHOAKA is an academic who published a paper in 2015 entitled Pricing Options in a Finite State Markov Chain Market. DIMBINIRINA RAMARIMBAHOAKA published this work as part of a team: Ramarimbahoaka, Dimbinirina. Here is a description of this work: We consider a finite state Markov chain which models uncertainties in a financial market. A stochastic discount function is considered and prices of perpetual American options and optimal exercise times are initially investigated using a stationary variational inequality. Our next topic uses backward and reflected backward stochastic differential equations as tools for pricing. To begin with, comparison results for backward stochastic differential equations with Lipschitz driver are introduced. We price European options in a market where the randomness is modelled by the finite state Markov chain. A hedging strategy for a European option is shown to be a solution of a backward stochastic differential equation whose driver is continuous and the fair price of the option is derived as the minimal solution of such an equation. The existence of solutions and the minimal solution of.