1. If they bail out banks that have mispriced risk, the mispricing will continue. 如果决策者不让风险估价失误的银行破产,这个问题就会继续存在。
2. Its business was selling insurance and, when it saw a seriously mispriced risk, it went to town insuring it, in the belief that diversifying risk reduces it. 它的业务是出售保险,在发现定价严重错误的风险时积极承保,相信将风险多样化可以减低风险。
3. But now that the financial crisis has discredited the efficient market hypothesis-clearly houses and mortgage bonds were mispriced-alternative theories are making a comeback. 但既然金融危机让人们对效率市场假设产生怀疑(住房和抵押债的定价显然有误),其他理论正在卷土重来。
4. Charlie Ledley and Jamie Mai, two investors with a penchant for finding mispriced options, reckoned that credit-default swaps on mortgage-backed bonds were just too cheap a trade to pass up. 查理·莱德利(Charlie Ledley)和杰米•麦(Jamie Mai)两人都是对定价偏差的股票很感兴趣的投资者,他们认为建立在抵押担保债券之上的信用违约掉期是便宜的不可错过的好买卖。