You can see that the dash distribution I drew has more out in the tails, so we call it fat-tailed.

你们可以看到,虚线画的这个分布,尾部要长很多,所以我们叫它长尾分布

耶鲁公开课 - 金融市场课程节选

But then we have to ask-- so I'll throw the question out and we'll call it a day, start with this next time-- then we have to ask, ? would it really be better to know?

但是接下来我们要问-,我把问题提出来便结束今天的课程，下节课从这个问题开始-,接下来我们要问，知道了真的会更好吗？

耶鲁公开课 - 死亡课程节选

These mortgages were given out to people that couldn't afford them and today you have what you call subprime mortgages--subprime paper They issued against this paper stuff called mortgage-backed security. They securitized them and these things are all floating around now.

我们发放这些抵押贷款给那些买不起房子的人,所以现在你们看到了一种你们叫做,次级抵押贷款的金融工具--次贷票据,他们把这种票据叫做,有抵押证券，他们把有抵押证券证券化,这些证券现在在市场上被多次交易，广为流通。

耶鲁公开课 - 金融市场课程节选