In other words, lower the amount insured below the actual value of the house to prevent moral hazard.

换句话说，将房屋的保险价值低估于其实际价值,以此来防范道德风险。

耶鲁公开课 - 金融市场课程节选

Not a tremendous amount of inherent value in this strip of land, but it is important for where you could go by traveling through it.

这小块土地本身并没有重要的价值，但重要的是通过它可以到达的目的地。

耶鲁公开课 - 旧约导论课程节选

It's changing the number of shares outstanding, so the value of the company declines by the same amount; it has to, as if they had just paid a dividend.

它改变了发行股数,所以公司价值减少了相同的数量,必须如此,就好像支出了股利一样

耶鲁公开课 - 金融市场课程节选