They are unregulated by law; they are unregulated by authority. The state of nature is simply a kind of condition of maximum insecurity, an unregulated market with no common laws or rules to sustain it.
法律,权威使然,自然状态就是,一种最大安全感的状态,是一种没有法律规范维持的,不加管制的市场。
I don't know if it's the biggest, but it's certainly one of the best collections of stuff
我不知道那是否是最大的,但是绝对是最好的收藏之一。
Of course, we will also be talking about behavioral finance in this course and we'll, at times, be saying that the utility function concept isn't always right-- the idea that people are actually maximizing expected utility might not be entirely accurate.
当然 我们还会,在这门课上讨论行为金融学,并且,我们会间或,讨论到效用函数不总是正确的,人们希望最大化期望效用的观点,也许并不是完全准确的
I won't write everything down because it's all written down on the homework assignment which is already on the web, but in fact firms are going to maximize profits, aim to maximize profits, firms are going to have constant marginal costs.
我不全写在这了因为它们都在,网上的家庭作业任务中写了,实际上公司是希望利润最大化,目的是利润最大化,公司有固定的边际成本
We forget about the enormous trading vitality of Asia, even sea vitality and land vitality at the same time, but they are without any question by this point-- with the decline of the Spanish empire, which begins before this course-- the Dutch and the English.
我们先不考虑亚洲大量的贸易活动,包括同时的陆上和海上贸易,在十七世纪之前,随着西班牙帝国的衰退,欧洲最大的贸易实体,毫无疑问是荷兰和英国
Good, so even if everyone in the number-- everyone in the room didn't choose randomly but they all chose a 100, a very unlikely circumstance, but even if everyone had chosen 100, the highest, the average, sorry, the highest two-thirds of the average could possibly be is 66 2/3, hence 67 would be a pretty good choice in that case.
好的,如果每个人,教室里的每个人不是随机选择数字,而是全选了100,这好像不太可能,但如果每个人真的都选了100,就是最大的书,那平均数,抱歉,平均数的2/3会是66又2/3,此情况下67应该是个不错的选项
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