It's on the market, very popular in terms of your choices right now as an option as an anti-depressant.
它在市场上,作为治疗抑郁症的一种选择,现在非常畅销。
Then lastly, there are things like the Internet bubble, they're not usually called this, but--the lending bubble where--or the subprime mess.
其次,市场上还存在像互联网泡沫,不经常被提及的贷款泡沫,此外还有次贷危机。
With a different volatility for the stocks because that was also selected randomly, plus some market bias.
或者均匀分布的一个随机值,因为数值选择上的随机性,再加上市场偏好。
You can imagine different products therefore, that are on the market, positioning themselves, or being positioned at different points on the line.
因此你可以想象不同的产品,不同的产品分布在,分布在市场上
There are already a number of Chinese search services on the market.
当时的市场上已有许多中文搜索服务。
But this Market Revolution is not reported in that newspaper, I would venture.
但是那份报纸上没有这次市场革命的内容,我打赌
Agriculture subsidies in the European Union affect the politics of subsidies here and that affects the costs of food and what we pay for them at the market.
欧盟对农业的补贴政策影响了,美国的政策,进而影响了食品的价格,而在市场上我们会为此付出代价
I think one of the most pervasive problems in the financial markets is investment with too short a time horizon.
我认为金融市场上,最为普遍的问题,就是投资期限太短
There's something about Los Angeles that's different from Milwaukee and that is that in Los Angeles there's just a history of volatile markets.
洛杉矶与密尔沃基,在某件事上是有差别的,那就是在洛杉矶,不稳定的市场行情已有一段历史了
In general, less volatile stocks have done better over time than more volatile stocks, which is somewhat inconsistent with the notion of efficient markets.
一般来说,波动小的股票在长期内比波动大的股票,表现要好,一定程度上,这和金融市场有效论的观点是相悖的。
The thing that comes to my mind is that-- I want to say before concluding this review of the last lecture-- that is that the stock market is inherently political in any country.
浮现在我脑海中的一件事是,在回顾环节结束之前,我想谈谈这个,那就是在任一国家的股票市场上,都会被固有的政治因素所影响
There's maybe about three trillion dollars worth of stuff backed by mortgages out there Well, as you've seen, these have produced crisis of confidence and I don't think we've heard the last of it.
现在大概有价值三万亿美元的有抵押证券,在市场上流通,就像你所看到的那样,这些证券已经导致了,市场信心的丧失,而且我个人认为这还完全没有结束。
When the stock market is going up they think that -they increasingly think that the stock market is just the best investment, until when it starts falling, then they start retracting from that.
当股票市场上行时,越来越多的人会觉得,股票是最佳投资选择,而当股市下跌时,人们纷纷从股市中撤出
In fact, the outcome here, this equilibrium here is for all intents and purposes, the same equilibrium we would have had had there been thousands of firms in the market And had this been a perfectly competitive market.
实际上,这个结果,这个均衡适用于所有的目的和意图,我们将得到同样的均衡,即使市场上有数千的公司,即使这是个完全竞争市场
What the Market Revolution was, in so many ways, was an engine, a tremendous Charles Sellers has written a famous book on this it was a tremendous engine for what became arguably the most prevalent idea of the entire nineteenth century in America, and that's the notion of progress.
在很大层面上,市场革命,就是一个巨大的发动机,查尔斯·塞勒斯,曾经为此写过一部书,市场这个巨大的发动机,它带来了十九世纪最流行且有争议的看法,即,对进步的观念
We wanted this to be a twenty shilling coin but now in the market it's trading at twenty-one.
我们希望它是一个值二十先令的硬币,但现在它在市场上以二十一个先令的价值来交换。
You start--Your human capital is your ability to do things and your knowledge, which is what you have to sell in the marketplace.
人力资本就是,你做事的能力以及你的知识,这些是你在人才市场上的资本。
But the very, sort of, nature of being an institution constrains almost everybody whether it's, in our case, all our investors have thirty-day liquidity.
但是,投资机构的本质在一定程度上束缚了,它所处市场里的每一个人,在我们的案例中,我们所有的投资者都拥有强大的现金流。
U.S. is not the most successful stock market although it's high on the list.
美国在股票市场上并不是最成功的,但它是成功国家之一
Lots and lots of loans, the securities that people bought at par that were worth about somewhere between zero and $.15 or $.20 and now trade there.
市场上充斥着越来越多的贷款,人们按照面值购买的债券,真正的价值只有大概,0到0。15或者0。20美元0,而它们就这样进行交易。
Here is the price-earnings ratio for the U.S. stock market from 1881 to the present-- this is also on that spreadsheet that you have on the website.
这是美国股票市场的市盈率,从1881年至今,这份数据也在网站上的电子数据表上
The problem is that not everyone is nice and not everyone is high-minded so financial markets--the success of financial markets is, in many ways, a success of regulation.
问题是并非所有人都是好人,并非所有人都是高尚的人,于是金融市场...,金融市场的成功,很大程度上来说,是监管制度的成功
In the 1920s, a lot of bogus stuff was sold -a lot of people were cheated -so after the stock market crash of 1929, it led to a movement for regulation.
在上世纪20年代,很多不合规的股票流入市场,很多人受骗,所以1929年的股市大崩盘,促使政府采取了一系列加强金融监管的行动
The options are a very useful technology for managing risks and I think that we'll see a rapid--Over the next few decades, we'll see rapid expansion in the scope of options contracts traded on the exchanges.
期权是管理风险的,一个非常有用的技术,我认为在往后的几十年,交易市场上,我们将会看到期权合同的迅速发展
The other thing that I mentioned last time was that there seems to be a really big difference between the expected return on the stock market and the expected return on short-term debt.
上节课提到的另一条内容是,股票市场的预期收益,与短期债券的预期收益,存在着巨大差异
This time, however, instead of setting quantities, instead of just deciding how much Coke and Pepsi to produce and spewing it out in the market and letting prices take care of themselves, this time the firms are going to set prices and let quantities take care of themselves.
这次不是规定产量,上次是确定,可口可乐和百事可乐的产量,运到市场上销售,并让价格自主的浮动,而这次,公司将要预先设定价格,并让产量自动调节
The only other thing--then next period we're going to talk-- on Friday we're meeting again and we're meeting again about-- this time it's about efficient markets and I want to talk about the evidence for efficient markets and against it and that will lead you into your third problem set about efficient markets.
下节课的主题是,我们将在周五的课上讨论,有效市场问题,我要讨论关于支持和反对,有效市场的证据,那时你们可以开始做,第三本习题集,是关于有效市场的
If there were no credit markets, everyone would have to be on the production possibility frontier; there would be no other choice.
如果没有信贷市场,每个人的收入水平都会落在PPF曲线上,别无选择
the notion that markets are efficient which is the same sort of theory about all markets.
市场是有效的观点,The,efficient—,这一理论其实一定程度上适用于所有的市场。
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