So, according to the expectations theory augmented with liquidity preference-- This strongly upward-sloping term structure in 2003 would reflect two things.

所以,根据结合了流动性偏好的,预期理论,2003年期限结构中表现出的,强烈上扬趋势反映了两方面的因素

耶鲁公开课 - 金融市场课程节选

Of two pleasures, if there be one to which all or almost all who have experience of both give a decided preference, irrespective of any feeling of moral obligation to prefer it -- in other words, no outside, no independent standard -- then, that is the more desirable pleasure."

这两种快乐中，如果所有或几乎所有,两种都体验过的人，都更偏好其中一种，而且并不是出于任何道德责任-,换句话说，没有外界的，独立的标准影响-,那么该快乐就是更令人满意的“

耶鲁公开课 - 公正课程节选