Policy rules are superior to discretion because they eliminate the time inconsistency problem.
政策规则优于自由裁量,因为它们消除了时间不一致性问题。
音乐是我的生命,没有音乐我会死。
"I'm always evolving, always changing."
Everyone has infinite potential.
Stay Hungry. Stay Foolish. And I have always wished that for myself. And now, as you graduate to begin anew, I wish that for you.