高估

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。

Analyst Jason Helfstein Sohu stock grade from " strong at grail " reduce to " keep balance with grail ", after thinking this stock rises a few times the closest greatly already by overmeasure,"Have overt investment value no longer."

分析师Jason Helfstein将搜狐股票评级从"强于大盘"下调至"与大盘持平"，认为该股票最近的几次大涨之后已被高估，"不再具有明显的投资价值。"

Of the doubt that Internet lab raises: On computational method, BSA replaces rate of value pilfer edition to go with rate of quantitative pilfer edition estimation pecuniary loss, cannot reflect pilfer edition to appear in the fact of low case software more, serious overmeasure the economic influence of pilfer edition.

互联网实验室提出的质疑之二：在计算方法上，BSA用数量盗版率代替价值盗版率去估算经济损失，不能体现盗版多出现在低价格软件的事实，严重高估了盗版的经济影响。

The group in A is potential too overmeasure their consequence on the network, think oneself have Alibaba to prop up, have the bang the drum for sb that cleans out treasure, have the support that pays treasure, still have the bully people by flaunting one's powerful connections of Yahoo, feel true in network ad group control the forces of nature, actually I see may not, because of popular the world, what is popular feeling, in A mom clicks Fu Feiru brazenly is returned to cancel to click unexpectedly below this circumstance pay fee, I do not know really is that nerve makes wrong spring, actually I think everybody should not ignore a very crucial fact is to be in A then advertising of mom skill network when, ad group is worth rectify energetically in China, make of a lot of in run out of rice and fuel of small head of a station, the mom in A changed direction in having how, after all of Gg clicking is to be in whole network group is highest, if not be he fathers,hit, have over there the wedding day that there is the mother in A that?

阿里集团可能太高估他们在网络上的影响力了，以为自己有阿里巴巴支撑，有淘宝的摇旗呐喊，有支付宝的支持，还有雅虎的狐假虎威，以为真的在网络广告界呼风唤雨了，其实我看未必，因为得人心的天下，什么是人心，在阿里妈妈点击付费如此的情况下居然还悍然取消点击付费，我真不知道是那个神经打错弦了，其实我想各位应该不要忽视一个很要害的事实那就是在阿里妈妈出手网络广告业的时候，广告集团正值在中国大力整顿，使得很多的中小站长断炊，无奈何中转向了阿里妈妈，究竟gg的点击是在整个网络界都是最高的，假如不是他严打，有那里有阿里妈妈的好日子那？

The union is in danger of overplay its hand in the current dispute.

工会在目前纠纷中高估自己实力有失败之虞。

We came into this decade horribly overprice d,' said Jeremy Grantham, co-founder of money managers GMO LLC.

理财公司GMO LLC的联合创始人格兰瑟姆说，我们进入本世纪时价值被高估得厉害。

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。

You know I just think they did overrate the energy that I had.

我想，他们根本高估了我的精力。

That's why you need to have the discipline not to overrate your own judgment.

所以，你要有纪律，不能高估自己的判断。

I am accused of being overreligious," she said in her quiet, frank manner,"but that does not prevent me thinking the children very cruel who obstinately commit such suicide.""

客人们在卡罗利娜·埃凯家里，举止就文雅一些，因为卡罗利娜的母亲治家很严厉。

Designed by French fashion house Herm è s, this elegant uniform was manufactured in our home, Hong Kong, and was the first without a hat.

由著名品牌 Herm è s 设计，这件高贵的制服是香港本土制造，是我们第一套不配帽子的制服。