Underlying this analysis, we have estimates of the expected returns on assets, notably, the expected returns on stocks and bonds.

凭借这个分析，我们可以估算出资产预期投资收益，特别是股票和债券的预期收益。

耶鲁公开课 - 金融市场课程节选

What I did was I took the ten best-performing Internet funds and looked at the returns from 1997 to 2002.

我选了十个表现最好的投资网络的基金,分析它们1997至2002年的收益情况

耶鲁公开课 - 金融市场课程节选

So we can't really start analyzing a game until we know what people care about, and until we know what the payoffs are.

只有明白人们关心什么,知道人们的收益是什么之后,我们才能真正开始分析这个博弈

耶鲁公开课 - 博弈论课程节选

And what we're going to do today is analyze this game under both those possible payoffs.

接下来我们分别用不同收益,来分析一下这个博弈

耶鲁公开课 - 博弈论课程节选

Then we looked at some possible payoffs, and now it is a game.

后来我们分析了可能的收益,现在它变成一个博弈了

耶鲁公开课 - 博弈论课程节选

But let's put down some payoffs so we can start talking about this.

但我们需要搞清收益后才能分析此博弈

耶鲁公开课 - 博弈论课程节选

You've got to put yourself in other people's shoes to figure out what they care about and what they're going to try and do, so you can respond well to that.

你要学会换位思考,去分析他们的收益是什么,他们要怎么做,并依此做出回应是很难的

耶鲁公开课 - 博弈论课程节选

You take all the risky assets ... and you analyze them first to get their-- you have to do a statistical analysis to get their expected returns, their variances, and their covariances.

你需要对所有的风险资产进行分析,首先要得到它们的-,你必须要做一个统计分析,算出它们的预期收益率，方差，和它们的协方差。

耶鲁公开课 - 金融市场课程节选

I don't find that my analysis is profound in the final answer, I just took some estimates using my data and, again, we could-- if someone wanted to argue with us they could argue with my estimates of the expected returns of the standard deviations and the covariances, but not with this theory.

我在计算过程中并没有做太深入的分析，我只是用我的数据做了一下大概的估计,我再说一次，我们可以-,如果有人想就这个问题与我们争辩,他们可以争论我对期望收益的估计,或是争论标准差和协方差的估计值，但并不会针对理论本身。

耶鲁公开课 - 金融市场课程节选

At the margin, I'm reaping, I'm bearing the cost for the extra unit of effort I contribute, but I'm only reaping half of the induced profits of the firm, because of profit sharing.

从边际角度分析,我承担了多付出的全部边际成本,但我却只能得到一半的边际收益,因为利润是均分的

耶鲁公开课 - 博弈论课程节选