Simulation-Based Estimation of Contingent-Claims Prices

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Folklore Theorems, Implicit Maps, and Indirect Inference (2012, background): “In that context, Phillips and Yu (2009) use indirect inference to price contingent claims in derivative markets and show that this method removes bias and often reduces the variance of option price estimates that are based on maximum likelihood.”
Bias in the estimation of the mean reversion parameter in continuous time models (2012, methodology): “In fact, Phillips and Yu (2005, 2009a) provided extensive Monte Carlo evidence of severe finite sample bias in  κ and many other estimators of κ .”