如果某公司的股票,例如通用电气,在一个已知水平上保持稳定,投资者将获得高收益;如果股价低于这个水平,他们将落得持有这些股票。
If shares in a company, say General Electric, stayed above a given level, investors received a high yield; if the shares dropped below that level, they ended up owning the stock.
支持者们说,清洁针头可以使传染机率降低,这并非是鼓励吸毒,这个代价要比治疗一个艾滋病人的代价低得多。
Proponents of such programs say clean needles help decrease infection — without encouraging use — at a price far lower than that of treating a person with HIV/AIDS.
因此,一个天真的出价者即使获胜,十分可能付出太多的钱:这是他的祸因,而最好的避免办法是出价低于拍卖品的价值。
So a naive bidder, if he wins, is most likely paying too much: this is his curse, and it is best avoided by underbidding.
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