That psychology is really hard and somewhat applicable to not just markets, but other things.

那种心理的确是很难理解，而且在一定程度上,它不仅仅适用于市场，也适用于其他事物。

耶鲁公开课 - 金融市场课程节选

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。

耶鲁公开课 - 金融市场课程节选