Problem
Discuss the limitations of the Black-Scholes model when applied to pricing American-style options, and explain how numerical methods can bridge this gap.
Practicing as: Data Scientist interview at WorldQuantHi, I'll play your WorldQuant interviewer for the Data Scientist role. Candidates describe these interviews as mixed and hard, so expect me to be structured and detail-hungry. Take your time with the question above and answer like we're in the room.
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