Before revision: In this article , we propose a new numerical computation scheme for Markovian backward stochastic differential equations (BSDEs ) by connecting the semi-analytic short-term approximation applied to each time interval, which has a very simple form to implement.
After revision: This article proposes a new approximation scheme for quadratic-growth BSDEs in a Markovian setting by connecting a series of semi-analytic short-term approximation applied to each time interval, which has a very simple form to implement.