低估

We usually overestimate what we can do in two years and underestimate what we can do in ten.

我们通常会高估两年后所能做到的事情，而低估十年后所能做到的事情。

The problem was obviously in my overestimation of my navigation skills, and my underestimation of the size of the park!

问题其实出在我太高估自己的实力，也太低估这座公园的大小啦！

Overestimation or underestimation causes the negotiators intended meaning to be misunderstood.

高估或低估都会造成对谈判人本意的误解。

Bill Gates ever had said:"People always is the influence that overmeasure new technology brings people 5 years afore, and underestimate the influence that brings people 5 years ever since."

比尔·盖茨曾说过："人们总是高估新技术在前5年带给人们的影响，而低估其后5年带给人们的影响。"

As " giant Online " the success is fair measure, everybody centers the look giant network market prise is be gotten on by overmeasure or the discussion that underestimate this one problem.

随着"巨人Online"的成功公测，大家将目光集中到巨人网络市值是被高估还是低估这一问题的讨论上。

Careful sex principle is the circumstance dirty that shows in existence inaccuracy decides an element when giving judgement, retain necessary discretion, asset of both neither overmeasure or accrual, also do not underestimate indebted or charge.

梗概： 谨慎性原则是指在存在不确定因素的情况下作出判定时，保持必要的谨慎，既不高估资产或收益，也不低估负债或费用。

In the model, whether does because contributive person cannot distinguish,company large stockholder have the intention of small shareholder capital in embezzle, in without any signal (include independent director system) below the circumstance, the asset of the company that does not have embezzle intent can be underestimated, and the company that has embezzle intention is met by overmeasure.

模型中，由于出资人不能区分公司大股东是否有侵吞中小股东资产的意图，在没有任何信号的情况下，无侵吞意图的公司的资产会被低估，而有侵吞意图的公司则会被高估。

We use the data from BHP company in 1995-2001 and calculate the implied volatility. By comparing the implied volatility calculated from actual option price and the assumed volatility in the model, it is found that Black-Scholes Model does underprice the Out-of-The-Money options and overprice the In-The-Money options because of the wrong assumption on the volatility.

本文选择了澳大利亚BHP公司1995年-2001年其中五年的数据，从实际期权价格中计算得到隐含波动率，并把其与Black-Scholes模型中的假设波动率进行比较，最后可以发现，Black-Scholes模型低估了虚值期权的价格，高估了实值期权的价格，与一般的研究结果恰好相反。

First of all, the valuation errors in TXO of the BS-IV model are the smallest among all volatility models. In the whole, the BS-IVmodel underprices the market value, BS-HV, BS-EV（EGARCH（1,1））and Ad hoc BS model overprice the market value respectively. Next, there exist the linear relationships between the valuation errors and moneyness in TXO mostly. At last, in view of hedging errors, the other thing being equal, the shorter is the maturity, the smaller is the hedging error.

本文的实证发现，在评价误差方面，整体而言，隐含波动性模型对买权及卖权的评价误差最小，隐含波动性模型之理论价格低估了市场价格；而历史波动性模型、EGARCH（1，1）模型及平滑后的历史波动性模型之理论价格则大多高估了市场价格；接著，在评价误差与金融特性关系方面，各波动性模型之评价误差与价内价外程度、股价指数报酬率、股价指数波动性、距到期日及无风险利率等因素，大多具有显著的线性关系。

But please don't overrate yourselves and underestimate Chinese people.

但不要太高估了自己，低估了中国人！

As she looked at Warrington's manly face, and dark, melancholy eyes, she had settled in her mind that he must have been the victim of an unhappy attachment.

每逢看到沃林顿那刚毅的脸，那乌黑、忧郁的眼睛，她便会相信，他一定作过不幸的爱情的受害者。

Maybe they'll disappear into a pothole.

也许他们将在壶穴里消失