They're required, every year, to go into the business, into one part of the business for a whole day and learn everything there is to know about that.
他们每年必须抽出一天仔细研究公司情况,公司某一方面的情况,了解所有相关信息。
They see if they like you and bring you back, so that's for finance.
他们会寻找合适的人选,邀请你去公司工作,这就是金融领域的情况。
So one case to think about is what if the other firm, you're Coke, what if Pepsi is pricing below cost?
一种情况是如果另一家公司,假如说你是可口可乐,如果百事可乐定价低于成本怎么办
But in many cases firms do a mixture of different activities one of which is investment banking.
但是大部分情况下,公司做各种各样的业务,其中一个就是银行投资业务。
So that happened to a number of American Internet companies.
一些美国互联网公司碰到过这样的情况。
The first thing I'll say is, when you have a business that's changing very rapidly, if you have five or six meetings a year, it's incredibly hard for somebody on a board to know a whole lot about your business.
我首先要说的是,你的公司发展很快时,如果你每年开五,六次会,董事们会很为难,知道整个公司的情况。
But really, some of them become very apparent and when you look at them you can understand.
但有些公司的情况却会变得很明显,当你考察他们的时候你就会明白。
What quantity, if produced by Firm 2, would cause Firm 1 to shut down on this picture?
公司2的产量是多少的情况下,公司1才能被迫停产呢
What he does as you know is takes over a company and shakes them up and in some cases is accused of stripping their assets.
就像你们知道的那样,他所做的,就是接管一个公司然后将其整顿改组,同时,在有些情况下,剥削它的资产。
We would like a model in which firms set prices because for the most part we think firms do set prices not quantities: Not always but for the most part.
我们想要的是一个由公司设定价格的模型,因为在大多数情况下,我们认为公司是设定价格而不是产量,虽然不总是如此,但大多数情况是这样
It's the old gray but dark philosophy that you should just look at value But, one of the things is when people have given up on a company--that's the perfect time.
就是那个陈旧黑暗的哲理,你应该只注重价值,但是,还有一种情况当人们都抛售了,某个公司的股票--那就是个极佳的时机。
Obviously you don't invest in every company, so I was wondering what factors you look for in identifying companies that you want to invest in and ? that you think are especially poorly managed?
很明显你不会投资于所有的公司,所以我想知道当你考察你想投资的公司时,或者是管理情况很糟糕的公司时,你都会考虑哪些因素呢?
Again, that is a problem that lenders have that the company that's borrowing the money has this unfortunate incentive, at least at certain times, to take excessive risks because the debtors will end up bearing the losses.
这便是贷方遇到的又一问题,即借款公司可能会,抱有此种不良动机,至少在特定情况下会过分地追求风险,这样最终蒙受损失的将是债务人
The point is that in this game in which firms competed in prices, even though there were only two firms in the market, only one firm more than monopoly, we get a dramatically different result than we had last time.
重点是这个公司进行价格竞争的博弈,尽管博弈中只有两家公司,仅仅比垄断情况下多了一家,我们得到了与上次完全不同的结果
Homes just stay where they are, so we have far fewer accidents, so they don't have to charge as high a premium for the insurance.
而住宅则是固定的,所以发生事故的情况也更少,这就导致保险公司对住房保险收取的保费,不会太高
Because at the end of the day, if game theory is going to be useful for you in your later lives, whether it's in dating or in running a company or whatever it happens to be, you need to able to go from the story to the model.
因为到最后,如果你们在以后想要运用博弈论,不论是用在约会上还是在运作一家公司上,或者其他的什么情况,你需要从具体情况中提炼模型
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