Saying, well, the market on average will go up a little bit, or go down a little bit.
导致了股票价格的浮动值不同,基本上股市平均是向上增长的或是向下跌了。
How do the prices and yields look at various points in time?
在不同的时点上,价格和收益会怎样变化呢
How does this quantity compare and how do therefore the prices compare, and how do profits compare with monopoly prices on the one hand, and competitive prices on the other?
第一,该产量下的价格,产出,和垄断价格,产出相比有何不同,和完全竞争价格又有什么不同呢
And then we looked at this little loop before, for i in range number of stocks, I'm going to create two different lists of stocks, one where the moves, or distributions, are chosen from a uniform, and the other where they're Gaussian.
这里的这个小循环,因为i代表股票,我会建立两个不同的股票链表,一个是代表股票价格的移动,或者说是分布,它们是从均匀分布中得出的,而另一个链表是从高斯分布中得出的。
You can't think that it really could make so much difference in the real world how prices and quantitie and welfare, and profit is going to work out depending on some thought experiment about how I think about my strategy set.
你们很难想象在现实世界里,价格 产量 福利和利润会因为,不同策略集合设定下的思想实验,而产生如此巨大的变化
So a number of you, even if the price was just a tiny bit different might have a preference for one rather than the other, so without getting in trouble by putting the camera on you, how many of you would have a preference, if the prices were essentially the same how many of you would have a strict preference for Pepsi?
那么你们中的很多人,尽管价格只有一点点不同,也许还是倾向于其中一个产品,不让你们上镜头而招来麻烦,你们谁会有倾向,如果价格差不多,谁会倾向选择百事可乐
We've identified the prices and yields of bonds of various maturities.
我们找出了各种不同期限债券的价格和收益
In '98, I forget which way, but one of the share classes 20% was at a 20% discount to the other and that persisted for several years, so you have economically identical things trading at different prices.
在98年,我不记得是为什么,一支这种类型的股票,比另一只股票便宜,而且这种现象持续了好几年的时间,因此你拥有经济意义上完全相同,但是却以不同价格进行交易的东西。
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