课程将主要讲授资产定价中一些重要问题，如股票估价，股票价格泡沫，共同基金的表现，以及贝叶斯理论在金融中的应用。

This course will mainly focus on some important issues in asset pricing, such as valuation, stock price bubbles, mutual fund performance, and Bayesian theory in finance.

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原因有季节性的，如股票在一月倾向于强劲，在夏季倾向于疲软，也有估价上的偏差，增长股常被低估。

There are seasonal patterns (stocks tend to do well in January and poorly during the summer). There are also valuation discrepancies (growth stocks tend to underperform).

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