However, in the real financial world, investors differ in valuations as a result of the uncertainty of future returns, private information and heterogeneous priors etc.
然而，在现实的金融市场上，由于未来收益的不确定性、私有信息以及先验异质等原因，投资者的收益预测存在分歧。
However, in the real financial world, investors differ in valuations as a result of the uncertainty of future returns, private information and heterogeneous priors etc.
然而，在现实的金融市场上，由于未来收益的不确定性、私有信息以及先验异质等原因，投资者的收益预测存在分歧。
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