Economics is not just about predicting behavior; it's about shaping it.
经济学不仅仅是预测行为，更是塑造行为。
Sometimes the simplest designs are the most robust.
有时候最简单的设计反而是最稳健的。
Auctions are a microcosm of how markets function—information, competition, and incentives all interact.
拍卖是市场运作的缩影——信息、竞争和激励相互作用。
The key to successful market design is anticipating how participants will behave under different rules.
成功的市场设计关键在于预测参与者在不同规则下的行为。
Innovation in market mechanisms can unlock value that traditional approaches miss.
市场机制的创新能释放传统方法忽略的价值。
In auctions, the rules determine the outcome as much as the bidders' strategies.
拍卖中，规则和竞标者的策略一样决定结果。
The goal of economics is to understand how to allocate scarce resources in the most efficient way possible.
经济学的目标是理解如何以最高效的方式分配稀缺资源。
Good market design aligns individual incentives with social efficiency.
好的市场设计能让个人激励与社会效率保持一致。
Markets are not just about prices; they're about information and incentives.
市场不仅仅是价格，还关乎信息和激励。
The most important thing in auction design is to create an environment where bidders feel comfortable revealing their true valuations.
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