Zero profits, I'll make zero profits, so that certainly is a best response, pricing at marginal cost as well.

零利润,我将没有利润,所以这确实是一个最佳对策,也定价在边际成本

耶鲁公开课 - 博弈论课程节选

Okay, so now more interestingly, we leave a little gap here, what if the other guy is pricing above costs?

现在更有趣的来了,我们这边留一点空白,如果对手的定价比成本高呢

耶鲁公开课 - 博弈论课程节选

There just aren't pricing anomalies that are significant that are going to resolve themselves in a matter of months or weeks and so it's a silly game to play.

显著失常的定价,不会在短短几月或几周内,就在市场中显示出来,因此类似月进月出那些是一种愚蠢的行为

耶鲁公开课 - 金融市场课程节选

So the other guy is pricing below costs, the way which I avoid making losses is to set my price above his price.

所以另一家公司定价低于成本,我想要避免损失的方法是,将我的价格设定得比它高

耶鲁公开课 - 博弈论课程节选

So where is--suppose he's pricing-- We'll say the prices are between 0 and 1, suppose he's pricing at .8, what would be a good price for me to set?

如果他定价,假设他的价格,取值在0和1之间,假设他的价格设定在0.8,我应该设定哪个价格比较好呢

耶鲁公开课 - 博弈论课程节选

It's so called capital asset pricing model.

这个称作是资本资产定价模型。

耶鲁公开课 - 金融市场课程节选

All right, so if the other guy is pricing above costs, I want to set prices below his so that I steal the whole of the market and make profits on those sales.

正确,如果对手定价比成本高,我就想定价比他的价格低,这样我就可以占领整个市场,并获得销售利润

耶鲁公开课 - 博弈论课程节选