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。
The key to successful market design is anticipating how participants will behave under different rules.
The best architecture comes from responding to the environment.
Active management strategies fail to produce superior returns after fees.
Collaboration is beautiful because it takes you somewhere you wouldn’t go alone.
"In the end, we will remember not the words of our enemies, but the silence of our friends."