Policy rules are better than discretion because they avoid the time inconsistency problem.
政策规则优于自由裁量,因为它们避免了时间不一致性问题。
戏剧是一道永不愈合的伤口。
在科学中最令人兴奋的短语,预示着新发现的,不是“我找到了!”,而是“这很有趣...”
Economics is not just about predicting behavior; it's about shaping it.