Policy rules are superior to discretion because they eliminate the time inconsistency problem.
政策规则优于自由裁量,因为它们消除了时间不一致性问题。
The weak grow strong by effrontery, the strong by yielding.
The pursuit of a unified theory of physics is not just an academic exercise; it is a journey towards understanding the very fabric of reality.
意识的元素是心理生活不可再分的组成部分。
Adventure should be 80 percent planning and 20 percent sheer guts.