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We find that the IRR on value is not matching for the economy growth,which is related to overpricing on secondary market and over financing activities of listed companies.

本文发现相对于高速的经济增长,中国上市公司的价值内部报酬率偏低,该证据与中国股票二级市场的价格被严重高估以及上市公司的过度融资动机相关。

Regarding Treasurys, he contended that the 'investment world has gone from underpricing risk to overpricing it.

对于美国国债,他认为投资界已经从低估风险转向高估风险。

The main contribution of this paper is to investigate the problems of IPO underpricing, overpricing and long-term underperformance systematically, with the consideration of development of issue system, short sales constraints, investor sentiment and heterogeneous belief, etc. We find, the main reason of high initial return in Chinese A-Share market is overpricing in secondary market, rather than underpricing in primary market, which is obviously different from mature capital market.

本文主要贡献在于结合A股市场&发行制度变迁&、&卖空限制&、&狂热投资者情绪&以及&异质信念&等因素,对A股IPO的一级市场抑价、二级市场溢价以及长期表现弱势进行系统研究,发现了造成中国新股高初始收益现象的根本原因在于二级市场中的&价格高估&,而不是一级市场的&价格低估&,这与成熟市场的IPO价值低估现象具有本质区别。

But any such action significantly overrates America's power over the world's oil producers.

但是,任何此类行动显然高估了美国对全球产油国的影响。

The reason is that the X2 distance measurement in correspondent analysis usually overrates the effect of the genes with low frequencies.

其产生主要是因为对应分析中的X^2距离不相似测度高估了稀有基因的作用。

The reason is that the c2 distance measurement in correspondent analysis usually overrates the effect of the genes with low frequencies.

蹄型效应经常会歪曲潜在遗传结构的真实形态,其产生主要是因为对应分析中的c2距离不相似测度高估了稀有基因的作用。

Can history study eliminate the sense of differences among people in different periods of time? To some extent the historians' works take the efforts for this case. But at the most time, the speaker overrates the efforts of history study.

TS:历史研究能够消除不同时代人差别感,这个论断本身就是富有争议的,在某种程度上确实起到了这样的作用,但在大多数情况下,作者高估了历史研究的作用。

The reason of "horse-shoe effect" is that the χ^2 distance measurement in correspondent analysis usually overrates the effect of the low frequencye genes.

蹄型效应&经常会歪曲潜在遗传结构的真实形态,其产生的主要原因是对应分析中的x2距离不相似测度高估了稀有基因的作用,除趋势对应分析对&蹄型效应有明显的校正作用。

As a result, we do not view official data to be reliable, as we believe it clearly overstates Chinese consumption growth.

因此,我们认为官方的数据不可信,我们认为这明显高估了中国的消费增长。

It takes no account of the depreciation of capital goods, and so overstates the value of production.

GDP无视资本商品的贬值,因此会高估产品的价值。

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On the other hand, the more important thing is because the urban housing is a kind of heterogeneity products.

另一方面,更重要的是由于城市住房是一种异质性产品。

Climate histogram is the fall that collects place measure calm value, cent serves as cross axle for a few equal interval, the area that the frequency that the value appears according to place is accumulated and becomes will be determined inside each interval, discharge the graph that rise with post, also be called histogram.

气候直方图是将所收集的降水量测定值,分为几个相等的区间作为横轴,并将各区间内所测定值依所出现的次数累积而成的面积,用柱子排起来的图形,也叫做柱状图。

You rap, you know we are not so good at rapping, huh?

你唱吧,你也知道我们并不那么擅长说唱,对吧?