When you look at this theory, you realize that it suggests a very important technology for improving human welfare and by spreading risks.

这一理论，提出了一个重要的技术,即可以通过分散风险，提高收益。

耶鲁公开课 - 金融市场课程节选

But, the real technology is-- the technology that works to eliminate risks is to spread them out, to pool them, to share them among many different people.

但是真正的技术-,能够降低风险,通过风险汇聚，将风险分散，让很多人共同承担。

耶鲁公开课 - 金融市场课程节选

The options are a very useful technology for managing risks and I think that we'll see a rapid--Over the next few decades, we'll see rapid expansion in the scope of options contracts traded on the exchanges.

期权是管理风险的,一个非常有用的技术,我认为在往后的几十年,交易市场上,我们将会看到期权合同的迅速发展

耶鲁公开课 - 金融市场课程节选