That partly reflects Americans' preference for 30-year fixed-rate mortgages that can be pre-paid without penalty-a difficult sort of asset for Banks to hedge.

这也部分反映出了美国人对可以免罚金提前付清的30年期固定利率抵押贷款的偏爱，而这种贷款正是银行很难进行风险对冲资产。

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The No-cost Hypothesis is the fundamental cause for "Asset equilibrium price has nothing to do with the investor's preference" in Capital Asset Prices Model (CAPM).

无成本假说是资本资产定价模型（CAPM）“资产均衡价格与投资者偏好无关结论”的根本原因。

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The allocation of risky asset in the dynamic portfolio correlates with the individual age and risk preference positively, the income and financial case negatively.

理财组合中风险资产的配置与个人年龄和风险偏好负相关，与个人劳动收入和资产量正相关。

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The Fed's preference has been to deal with the after-effects of asset-price bubbles rather than to try to prevent their formation.

ECONOMIST: Assets and their liabilities