What finance theory is based on-- and much of economics is based on-- the idea that people want to maximize the expected utility of their wealth.
金融学理论建立在,并且很多经济学的都是建立在,人们希望能使自己对,财富的期望效用最大化这一基础上
To calculate the expected utility of your wealth, you might also have to look at the expected return, or the geometric expected return, or the standard deviation.
要计算你财富的期望效用,你也许还要研究预期收益曲线,或几何预期收益率,或是标准差
Whether to gamble, based on efficient-- based on expected utility theory.
例如赌博,你们是注重效率呢,还是注重预期效用
That is expected utility theory.
预期效用理论
Of course, we will also be talking about behavioral finance in this course and we'll, at times, be saying that the utility function concept isn't always right-- the idea that people are actually maximizing expected utility might not be entirely accurate.
当然 我们还会,在这门课上讨论行为金融学,并且,我们会间或,讨论到效用函数不总是正确的,人们希望最大化期望效用的观点,也许并不是完全准确的
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