Let me start out by putting what I think is a relatively controversial proposition on the table and that's that this investment management business, when stripped down to its bare essentials, is really quite simple.

让我从一个,相对争议的话题开始,投资管理业务,当剥离种种表象追溯到其本质时,其实非常简单

耶鲁公开课 - 金融市场课程节选

Probability is 0 of their choosing Right is the same as saying they choose Left, so that my payoff from Up against that is given by the top box up there, I get 5.

如果对手选右的概率是0,其实就是说他们会选左,因此此情况下我选上的收益,从上面的矩阵看,我的收益是5

耶鲁公开课 - 博弈论课程节选