Today, it's priced given the best-known information and so tomorrow it's equally likely to go up or down.
由最广泛的信息所决定的,所以明天它涨价和降价的概率是相等的。
I feel the best after, basically after someone sits down and sets a goal,
基本上每个人确定一个目标的时候我感觉最好,
All of you chose Down, but Up does best against Left and Middle does best against Right.
你们都选择下,可是选上是左的最佳对策,而选中是右的最佳对策
This was my best attempt at hitting zero and not having the graph go down there.
这是我最好的尝试,使它接近零但又不掉下去。
The stock market is the best investment for long-term holders who can just buy and hold through the ups and down of the market."
对于那些能在股票市场的跌宕起伏中,一直持股的长线投资者而言,股票市场是最佳的投资
And we know that Down does best if I think it was equally likely that the person was going to choose Left and Right.
我们还知道如果我们认为对手,选左或者是右的可能性相同的情况下,下是此情况下最好的策略
So it turns out that, as the gentleman out there said, if I thought it was equally likely that my opponent was going to choose Left or Right, then actually my best choice, my best response is to choose Down.
这个结果和刚才那位先生说的,如果我觉得我对手,选择左或右的可能性相同的话,这时候最好的选择,也就是说我的最佳对策是选下
Let's just... We'll get there, just to remind you, the way we read this is you give me a quantity of Firm 2, I find Firm 1's best response by going across to the pink line and dropping down.
我们当然也能算出来,提醒一下各位,这个图像的个意思是任意给出公司2产量,然后通过这条粉色的线,就可找出与之对应的公司1的最佳对策
So these strategies down here less than 1 are never a best response for Player I.
参与人I的小于1的策略,永远都不会成为最佳对策的
I'm going to put down two different definitions of best response, one of which corresponds to best response to somebody else playing a particular strategy like left and right, and the other is just going to correspond to the more general idea of a best response to a belief.
我写出最佳对策的两种不同形式定义,一个是参与人针对对手策略的定义,比如这里的左路右路,另一个强调的是,最佳对策的广义上的定义
The way we read this graph, is you give me an S2, I read across to the pink line and drop down, and that tells me the best response for Player I.
这个图的作用是,给定一个S2,找到粉线对应的坐标,然后就能找出参与人I的最佳对策
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