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The authors present the correction terms that improve the approximation of discrete-time prices using continuous-time formulas. For barrier options the correction shifts the barrier to price a discrete option using the continuous formula. For lookbacks the correction shifts the expected maximum or minimum price. In particular, for hindsight options  \\[ V_{m}(S_{\\pm},K)= V(S_{\\pm}e^{\\pm\\beta_{1}\\sigma\\sqrt{T/m}}, Ke^{\\pm\\beta_{1}\\sigma\\sqrt{T/m}})e^{\\mp\\beta_{1}\\sigma\\sqrt{T/m}} +o(1/\\sqrt{m}), \\]  where \\(V\\) denotes the price of a continuous-time version, \\(V_{m}\\) denotes the price of a discrete-time version of a hindsight option, in \\(\\pm\\) and \\(\\mp\\) the top case applies for calls and the bottom for puts, \\(\\beta_{1}=-\\zeta(1/2)/\\sqrt{2\\pi}\\), \\(\\zeta\\) is the Riemann zeta function, \\(S_{+}=\\max_{0\\leq u\\leq t}S_{u}\\), \\(S_{-}=\\min_{0\\leq u\\leq t} S_{u}\\) in continuous-time cases and similar in discrete-time cases, the price \\(S_{t}\\) of single risky asset evolves according to \\(dS_{t}=\\nu S_{t}dt+\\sigma S_{t}dw_{t}\\), where \\(w_{t}\\) is a standard Wiener process, \\(K\\) is a strike price, \\(m\\) is the number of price-fixing dates. The discrete-time discrete-state lattice methods for determining accurate prices of discrete and continuous path-dependent options are 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