If a firm is competing against a customer let's say for a non-prime loan perhaps that assumption is not quite so safe.

如果一家公司在和客户博弈,比如发放说次级贷款,可能假设不是那么完备

耶鲁公开课 - 博弈论课程节选

Subprime refers to mortgages, which is not the subject of today's lecture, but a subprime mortgage is a mortgage issued to a borrower who is not considered prime--not a good risk.

次贷指的是次级抵押贷款,这不属于今天的讨论范围之内,次级抵押贷款是发放给特殊借款人的,他们不是优质客户,也就是说风险较大

耶鲁公开课 - 金融市场课程节选