That's what, in principle, we can do and what I think is the most important concept in finance--this concept of risk pooling.

原则上，这就是我们能做的,我认为这也是金融业最重要的概念,即风险汇聚及分摊。

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

In the second lecture, I talked about the pooling of risks and the basic theme of that lecture was that we now have a mathematical theory, probability theory.

第二课，我讲了风险汇聚及分摊,那节课的主题是,一门数学理论，即概率论。

耶鲁公开课 - 金融市场课程节选