The asset pricing model--and this is critical-- assumes everyone is rational and holds the tangency portfolio.
资本资产定价模型是非常重要的模型-,假设每人是理性的,并持有切线资产组合。
Far from having a sort of rational actor model of politics, he operates with an irrational actor model. He assumes that it is not reason but our passions that are the dominant force of human psychology, our desires, our aversions, our passions.
没有一个政治上理性的典范,他就着手塑造一个,不理性的典型,他假设,感情,而不是理性,是统领人类心理,欲望,厌恶和情绪的主要力量。
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