What I did in this diagram is I computed the efficient portfolio frontier-- now it's the blue line with three assets.
在这张图表中,我计算了有效边界-,蓝色线表示三种资产的组合。
What this model asserts is that markets are informationally efficient.
这个模型说,这个市场处理信息有效的。
I don't think they are efficient and this is an example -a Redleaf example.
我不认为市场是有效的,这儿有一个现成的例子,莱德利夫的例子
So this is not the most efficient way of representing information.
其实,这不是最有效的,信息表示方式。
This is a much more efficient way to get DNA for a gene that you're interested for a couple of reasons.
用这个办法能更有效率地获取你,感兴趣的基因的DNA,原因如下
That means that you want to pick, ultimately, a point on this-- this line is tangent to the efficient portfolio frontier with all the other assets in it.
那意味着你会最终会在这上面选一个点-,这条直线是与有效边界相切的,后者包含了所有的资产组合。
Jeremy Siegel, in his book, which is assigned for this course, is really emphasizing this capital asset pricing model, emphasizing the kind of efficient portfolio frontier calculations that I've done.
杰里米·西格尔的著作,是本课的指定书目,书中着重讲述了资本资产定价模型,以及有效边界等的计算方法,这部分我已经讲完了。
The only other thing--then next period we're going to talk-- on Friday we're meeting again and we're meeting again about-- this time it's about efficient markets and I want to talk about the evidence for efficient markets and against it and that will lead you into your third problem set about efficient markets.
下节课的主题是,我们将在周五的课上讨论,有效市场问题,我要讨论关于支持和反对,有效市场的证据,那时你们可以开始做,第三本习题集,是关于有效市场的
应用推荐