Set up with Bounded Variation

Cajunism 9   If possible, compute integrals on puts or guarantees. Use Put-Call Parity where possible to get bounds on call option errors.

Cajunism 10   If the total payments are bounded, the variation is often bounded as well. Try to set up your model or application so you calculate something whose value is bounded. Note that the probability density function is included in what is integrated which often helps.

Cajunism 11   Many insurance applications involve bounded payoffs. These often have bounded variation.