So they--in other words, the insurance company--doesn't trust the insurance companies to do the calculations like I showed with the binomial theorem.

因此他们...也就是说,他们不放心让保险公司按照二项式定理,自己计算准备金要求

耶鲁公开课 - 金融市场课程节选

A lot I'm going to talk about is Modigliani-Miller but I'm not going to get too deep into it, maybe in your review sections you can get more technical.

我会重点谈论MM定理,但也不会过分深入,在复习阶段我可能会讲的更专业一些

耶鲁公开课 - 金融市场课程节选