What about the thought that hedge funds undermine the idea of efficient markets? Instead, Mr Lo suggests an alternative concept: adaptive market theory.
对于对冲基金的表现是否与有效市场思想冲突的问题，作者没有直接回答，而是提出了另一种概念：适应性市场理论（adaptive market theory），指出躺在地上的20美元钞票是存在的，只不过不是在大街上，而是在死胡同里。
There are many variants on alternative solutions but they all boil down to not realizing a variable business concept in an invariant concept in the IT domain.
有很多替代解决方案的变体，但都归结为，不要在IT领域的不可变概念中实现可变业务概念。
Any surviving platforms will likely have their own SMS alternative, and the concept will reach a point of entropy where they're no longer directly beneficial to device sales.
所有幸存平台都可能会有自己的短信替代物，并且理念也不再是通过销售设备直接获利。
Function point analysis is a vital alternative that allows basing estimates on the more technology-neutral concept of function points.
功能点分析是一个重要的选择方案，它基于对更加具有技术无关性的功能点的概念的评估。
The SKOS ontology defines a concept class, and preferred labels, alternative labels, and relationships to other concepts are modeled as properties of that class.
SKOS本体定义Conce pt类、首选标签、可替换标签、以及作为类属性的与其他概念之间的关系。
The concept of revelation in history as an alternative to propositional revelation on the one hand or general revelation on the other did not prove successful.
的概念在历史上的启示作为替代命题的启示一方面或一般性的启示其他没有证明是成功的。
At the same time, the concept and function of alternative, PEIA methodology and the role of public participation are all elementarily discussed.
同时，还对替代方案的概念、作用，规划环评的方法及公众参与在规划环评中的作用等问题进行了初步探。
The concept of environmental parks could help to demonstrate the advantages of renewable alternative energy utilization.
作者提出了环境公园的概念，它将有助于建立一个能供选择的可再生能源的先进示范。
The concept of towbarless aircraft tractors enables a more economical and flexible towing alternative than the existing conventional system.
无拖把飞机牵引车的概念比传统的牵引系统更加经济可靠。
Paramount executive chairman Ivor Ichikowitz said the AHRLAC concept offers a viable alternative to the use of unmanned air vehicles, because of their reliance on expensive subsystems.
Paramount的董事长Ivor Ichikowitz称，因为无人机采用了昂贵的子系统，AHRLAC的概念提供了一种无人机的可行替代方案。
By using the proposed concept of relative closeness degree of interval number vectors the degree of an alternative close to another was depicted, and thereby alternatives were ranking.
利用区间数向量的相对贴近度概念刻画一个方案接近于另一个方案的程度，进而对方案优劣排序。
This concept says that a nation has a comparative advantage in an item if it can produce it more efficiently than alternative products.
该理念认为，一个国家如果生产一种产品比生产替代品更加有效率，则该国拥有了生产这个产品的比较优势。
From the view of concept: alternative dispute resloution mechanism confronts conceptual barriers;
从观念上看：环境纠纷的非诉讼处理方式存在观念上的障碍；
From the view of concept: alternative dispute resloution mechanism confronts conceptual barriers;
从观念上看：环境纠纷的非诉讼处理方式存在观念上的障碍；
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