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<article xsi:noNamespaceSchemaLocation="http://jats.nlm.nih.gov/publishing/1.1/xsd/JATS-journalpublishing1-mathml3.xsd" dtd-version="1.1" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><front><journal-meta><journal-id journal-id-type="publisher-id">PBES</journal-id><journal-title-group><journal-title>Proceedings of Business and Economic Studies</journal-title></journal-title-group><issn>2209-2641</issn><eissn>2209-265X</eissn><publisher><publisher-name>Bio-Byword Scientific Publishing Pty. Ltd.</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.26689/pbes.v4i3.2187</article-id><article-categories><subj-group subj-group-type="heading"><subject>Article</subject></subj-group></article-categories><title>Real Estate Exotic Options based on Black-Scholes Model (BSM)</title><url>https://artdesignp.com/journal/PBES/4/3/10.26689/pbes.v4i3.2187</url><author>DongYihang,ZhangWeixin,HeYixuan</author><pub-date pub-type="publication-year"><year>2021</year></pub-date><volume>4</volume><issue>3</issue><history><date date-type="pub"><published-time>2021-06-18</published-time></date></history><abstract>This paper analyzed the issue of high housing prices in China in view of exotic options using the traditional BSM and improved it while applying it to the current situation in the real estate market. A certain set time frame in the purchase of the options with real estate prices was designed in the implementation of exotic option pricings to ease the speculative pressures caused by high housing prices.</abstract><keywords/></article-meta></front><body/><back><ref-list><ref id="B1" content-type="article"><label>1</label><element-citation publication-type="journal"><p>Black F, Scholes M, 1973, The pricing of options and corporate liabilities. Journal of political economy, 81(3): 637-654.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B2" content-type="article"><label>2</label><element-citation publication-type="journal"><p>Merton RC, 1973, Theory of rational option pricing. The Bell Journal of economics and management science, 1973: 141-183.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B3" content-type="article"><label>3</label><element-citation publication-type="journal"><p>Cox JC, Ross SA, Rubinstein M, 1979, Option pricing: a simplified approach. Journal of Financial Economics, 7(3): 229-263.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B4" content-type="article"><label>4</label><element-citation publication-type="journal"><p>Figlewski S, Bin G, 1999, The adaptive mesh model: a new approach to efficient option pricing. Journal of Financial Economics, 53(3): 313-351.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B5" content-type="article"><label>5</label><element-citation publication-type="journal"><p>Longstaff FA, Schwartz ES, 2001, Valuing American options by simulation: a simple least-squares approach. Review of Financial studies, 14(1): 113-147.</p><pub-id pub-id-type="doi"/></element-citation></ref></ref-list></back></article>
