"What you really have to do is manage the risk.

VOA: standard.2009.08.11

I think that these countries are somewhat trying to manage this oil risk but they can't yet get onto the frontier.

我想这些国家或多或少,都试着控制石油风险,但他们根本无法达到有效边界。

耶鲁公开课 - 金融市场课程节选

Or are you going to manage each individual asset class actively, trying to beat the market and generate risk-adjusted excess returns?

还是积极管理每项资产,力求获得市场水平以上的回报率,以及风险调整后的超额收益

耶鲁公开课 - 金融市场课程节选

There was a conditional agreement: yes, Norway should manage this oil risk but it's politically difficult and that's the problem-- is that we're not able to do our optimal management.

他们在一定程度上同意我的观点：,是的，挪威应该设法解决石油的风险,但这在政治上很困难,其问题在于-,挪威无法做到最优的管理。

耶鲁公开课 - 金融市场课程节选

Non-obvious ideas were conceived of to solve these problems of long-term risks and to get around the psychological barriers imposed by framing biases and psychological biases, in order to allow people to actually manage the risk and to get around moral hazard.

解决方法需要被研究并发掘,来处理长期风险问题,避开由于框架效应,引起的心理障碍，能够使人们真正控制风险,规避道德风险。

耶鲁公开课 - 金融市场课程节选