The idea is that people don't see this basic risk management problem and they see things in entirely different terms.

该思想的关键在与人们并没有看到,其中本质的基本风险管理问题,而是站在完全不同的角度去看问题。

耶鲁公开课 - 金融市场课程节选

Moral hazard occurs when a risk management institution incentivizes you to do bad behavior-- to show bad behavior.

道德风险产生于,风险管理机构怂恿人们,采用有悖于道德与人性手段。

耶鲁公开课 - 金融市场课程节选

The socialist idea started to lead to a number of experiments in various countries around the world that were pooling risks-- they might not have put it this way.

这种社会主义设想,引发了全世界很多国家,在风险管理上的改制与试行-,他们可能没用“社会主义“这一叫法。

耶鲁公开课 - 金融市场课程节选

They're both based on risk management and pooling of risks.

他们都是基于风险管理与风险汇聚

耶鲁公开课 - 金融市场课程节选