在过去的二三十年,金融行为学派一直在蚕食有效市场假说。
In the past 20 to 30 years, the behavioural-finance school has been chipping away at the efficient-market hypothesis.
金融风险是金融行为的结果偏离其期望结果的可能性,是金融结果的不确定性。
Financial Risk is the probability of the deviation of the financial act from its expected goal.
贪污和欺诈的现实,所有组织必须面对,在作为金融行为所造成的破坏证据的工作倒塌的大企业越来越多。
Embezzlement and fraud are realities that all organizations must confront, with the growing list of collapsed corporate giants serving as evidence of the destruction caused by financial abuses.
依据条款4.4,软件工程专业人员“绝不参与欺诈性的金融行为,如行贿受贿、双倍开帐或者其他不法的金融行为。”
And, in accordance with practice 4.4, the software engineering professional would "Not engage in deceptive financial practices such as bribery, double billing, or other improper financial practices."
引发全球金融危机的银行获得了数十亿美元,但房主和这些银行掠夺性放贷行为的受害者们只得到了一小部分。
The banks that brought on the global financial crisis got billions while a tiny bit went to the homeowners and victims of the same banks' predatory lending practices.
自1991年以来,我一直在美国国家经济研究局与芝加哥大学的迪克·塞勒一起组织行为金融学研讨会。
I've been organizing workshops in behavioral finance at the National Bureau for Economic Research since 1991 with Dick Thaler at the University of Chicago.
造成的结果就是,金融市场正在对我们的行为加以约束,这的确很痛苦。
As a result, the financial market is imposing some discipline on our behavior, and it's painful.
两房和其监管机构联邦住房金融署为他们的行为进行辩护,他们强调自己的职责是保护资产并防止纳税人遭受更大的损失。
The GSEs and their regulator, the Federal Housing Finance Agency, justify their actions by noting that they are legally required to conserve assets and protect taxpayers from further losses.
控制大银行的人将对“此行为削弱金融公司的全球竞争能力”展开争论。
Those who control the largest Banks will argue that such action would undermine financial firms' ability to compete globally.
无论相信与否,行为金融研究者发现投资者更倾向于前者,即使他们会将其引入劣等股票。
Believe it or not behavioral finance researchers have found many investors prefer the former - even though it leads to inferior stock-price performance.
我付他钱这件事表明我不把我们的关系看成主要为社会性质的关系,而是基于市场行为的金融性质的关系。
My paying him for his time signalled that I didn't see our relationship as primarily operating in social terms, but rather in financial, market-based terms.
银行和金融业某些领域的鲁莽行为导致了经济的荣衰,这已经够糟糕了。
It is bad enough that recklessness in some areas of banking and finance led to economic boom and bust.
这种行为就是为什么金融市场需要重整,严格调控和监督的原因。
Such behavior is why financial markets require renewed, tough regulation and supervision.
过去两年曝光了世界金融机构的许多不当行为。
The past two years have exposed plenty of untoward behaviour at the world's financial institutions.
冒险的金融交易行为是收益颇丰的,并且放弃这些业务对金融公司、管理人员及股东来说成本很高。
Risky financial practices were highly profitable, and giving them up would have been costly to financial firms and their executives and shareholders.
即使金融业的违规行为曾经启动过这场危机,但是这仍然没有发生。不过,我想这场灾难迟早会来到。
Even though serious misbehavior by the finance industry triggered it, sooner or later it was bound to happen.
它说,金融市场行为,本质上,像一个巨大的计算机。
And it says that financial markets act, essentially, like a giant calculating machine.
她同时对行为金融学感兴趣,对我来说很很重要,因为这也是我的兴趣之一。
She is also interested in behavioral finance, which is great tome because that's one of my interests.
他还对行为金融学感兴趣,也就是心理学在金融上的应用。
He's also interested in behavioral finance, which is the application of psychology to finance.
上节课讲的是行为金融学,它与人性弱点有关。
Our previous lecture was about behavioral finance and it was about human failings.
自负可能是最常见的行为金融学概念。
Overconfidence may be the most obvious behavioral finance concept.
这也与跟行为金融学有关。
交易行为受金融规则限制,目的是为了保护客户、识别和检举违反相关法律的市场失当行为,例如内部交易。
The trading activity is subject to financial regulation whose objective is to protect clients, and identify and prosecute breaches of relevant laws on market misconduct, for example, insider trading.
相反,这是一次“对金融过度行为的突然纠正”,已经压垮了市场的自我纠正机制,只能借助“非同寻常的政策回应”来终结。
Rather, it was “an abrupt correction of financial excesses” that had overwhelmed the self-correcting mechanisms of markets” and could only be ended by “extraordinary policy responses”.
相反,这是一次“对金融过度行为的突然纠正”,已经压垮了市场的自我纠正机制,只能借助“非同寻常的政策回应”来终结。
Rather, it was “an abrupt correction of financial excesses” that had overwhelmed the self-correcting mechanisms of markets” and could only be ended by “extraordinary policy responses”.
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