Yeah, and if you could get to choose your own shock level, you could keep--then very, very few people go all the way.
如果可以自己选择电击强度,很少人会选择高强度的。
Each agent is going to choose her effort level to put into this firm.
每个股东都要选择为公司投入多少精力
But if we have credit markets, then people can individually choose to be off the production possibility frontier and at a higher level of consumption than otherwise would.
但如果存在信贷市场,那么个人可以选择超越,PPF曲线的范围,达到比没有信贷市场时更高的消费水平
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