Policy rules are better than discretion because they avoid the time inconsistency problem.
政策规则优于自由裁量,因为它们避免了时间不一致性问题。
风险管理不是规避风险,而是理解并减轻风险。
The only valid data for psychology are the reports of trained observers.
The act of creation is an act of resistance.
I am interested in the beauty of the ordinary.