The Double-Barrier Option Model Research And Empiricalanalysis Of The Real Estate Investment Decision-Making

In recent years,the real estate industry trends show steady progressive ,in our countrymacroeconomic regulation and control policy guidance.As a highly integrated industry,it plans aleading role to the development of national econonmy and urbanization construction.Real estateindustry,people's livelihood,with great interaction,high risk,supply chain length,regional andnon-mobile features,which resulted in the real estate industry investment uncertainy andrisk.therefore,a reasonable investment decisions is particularly important.The limitations of thetraditional real estate investment decision can no longer meet the complex real estate industy,inpractice there is a big flaw in the investment decisions significantly affect the effective andscientific.Based on this,prudent investment decisions in line with the idea, this article willintroduce real option approach to real estate investment decision-making.The traditional realestate investment decision-making approach ignores the uncertainty and dynamic flexibilitybrought about by the value.Only when the sales phase must reach a certain standard value,theinvestor decided to invest.So as not to lose investment opportunities,this paper uses the idea ofdouble barrier options,double barrier option by building models,the introduction of a bufferzone,so that investors do not have to make a choice between"invest immediately"and"notinvestment".This method not only takes into account the shortcomings NPV law itself,but alsotakes into account the investment opportunities,particularly investment decisions on the careprovided a good theoretical basis and evaluation methods...