金融市场

The main point of this project is to study some general question in financial market by stochastic calculus method.

本课题是用随机分析的方法研究金融市场的一般规律，如投资优化和期权定价及其相关实证研究。

Stochastic differential equations can be used to resolving the price of interest rate derivatives. It has a canonical equation of interest rate changing with time and its derivative accords with the traded behavior in finance market, but the resolving process is very fussy and difficult and can not receive closed solution in many cases.

随机微分方程被用于利率衍生产品的定价，它给出利率随时间变动的一个规范的方程，而且其推导过程与金融市场中的交易行为一致，但其求解过程很繁琐且困难，在很多情况下甚至无法得到封闭解。

The depth of America's financial markets and the country's open capital account have made the dollar attractive.

美国金融市场的深度和这个国家资本项下的开放程度，使得美元具有吸引力。

But the responsibility for regulating leverage, setting capital standards, and supervising financial markets would rest squarely at the national level.

但是对于管理杠杆作用，设定资本标准和监督金融市场的责任应该明确在国家层面。

Declining capital stock in the global financial system, however, is a bigger factor.

不过，全球金融市场中下降的股本才是更大的原因。

"I feel that we have only got halfway through this in a sense that the financial market has had a real capitulation," he said.

"在金融市场出现一个真正的下滑的趋势时，从某种意义上来说我感觉我们只仅仅在它的半路上。"

Keynes compared them to "those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly corresponds to the average preferences of the competitors as a whole; so that each competitor has to pick, not those faces which he himself finds prettiest, but those that he thinks likeliest to catch the fancy of the other competitors."

凯恩斯把金融市场比作"报纸上举行的某种比赛。比赛的规则是参赛者必须从一百张相片中挑出六张最漂亮的脸孔，但是大奖将被授予这样的参赛者，他选的脸孔，最最贴近参赛者全体挑选的平均脸孔；因此，每一个参赛者在挑选时，都不应挑选那些他自己认为最漂亮的脸孔，而应挑选那些他认为最可能讨其他参赛者喜欢的脸孔。"

It set off a chain reaction in the international money markets.

这一事件在国际金融市场上引起了连锁反应。

If only there were a Cher for the financial markets.

如果金融市场也有雪儿这样的人物那该多好。

Our analysis result shows: in the judgment and decision-making process, the investor cognation biases can be divided into the cognation bias of price fluctuation, the estimate bias of corporate value, the manager bias of risk and wins, the manipulate bias of trading.

本文认为金融市场上投资者所具有的典型性认知偏差包括对股价波动的认知偏差、对上市公司价值的估计偏差、对风险和回报的管理偏差以及股票交易中的操作偏差四种；而深入分析投资者的这些认知偏差很有理论和现实意义。

Do you know, i need you to come back

你知道吗，我需要你回来

Yang yinshu、Wang xiangsheng、Li decang,The first discovery of haemaphysalis conicinna.

1〕 杨银书，王祥生，李德昌。安徽省首次发现嗜群血蜱。