This made basic sense as financial engineering - an unsentimental effort to work around risks, selection biases, moral hazards and human foibles that could lead to disaster.

这样做大致合乎财务工程的道理，回避了风险、选择偏见、道德风险、人性弱点等问题。

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By employing panel data, we are able to control the selection biases of restructuring and handle the problem of missing variables, which are frequent in transition economic literature.

利用面板数据，解决了转型经济文献中经常遇到的遗漏变量和选择性偏差问题。

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In summary, there is strong evidence that investors ignore selection biases in fund performance advertisements.

FORBES: How Selective Advertising by Mutual Funds Misleads Investors

The study found that investors could understand selection biases in fund advertisements.

FORBES: How Selective Advertising by Mutual Funds Misleads Investors

Academic estimates are that these statistical biases of self-selection (reporting is optional for the largely unregulated hedge fund industry) add 3-5 percentage points to index returns.

FORBES: Chasing the Mirage of Hedge Fund Returns