过度投机

The present paper through to the value investment theory's formation and the development discussion, to the value investor behavior characteristic's elaboration, using the behavior finance theory from the expectancy theory, the flock of sheep effect, responded excessively, the reverse operation model and so on four aspects and have carried on the contrast congenially to the value investment, theoretically explained why the value investment idea does have the sophistication.

本论文通过对价值投资理论的形成与发展的探讨，对价值投资者行为特征的阐述，运用行为金融理论从期望理论、羊群效应、过度反应、反向操作模型等四个方面对价值投资与投机进行了对比，从理论上解释了价值投资理念为什么具有先进性。

We also learned that overconfidence in the future together with unlimited cheap money leads to an odds-on bubble.

我们还认识到对未来的过度自信和泛滥的廉价资金催生了一种投机泡沫。

These neophyte speculators overtrade.

这些投机新手过度交易。

The stability of value of local and rational market depends on rational spec and the strength that are not reason to make easy conduct are comparative, and the excessive fluctuation that immature market often shows often is the expression that rational spec is in weak force.

局部理性市场价格的稳定性取决于理性投机与非理性交易行为的力量对比，而不成熟市场经常显现的过度波动性则往往是理性投机处于弱势的表现。

Speculative fever creates new avenues of excess until the house of cards collapses.

投机热情催生新的过度途径，直到纸牌搭建的房子坍塌。

Much of the local government borrowing has been funnelled into residential development, with the southern island of Hainan the location for the annual forum emerging as a symbol of speculative excess.

地方政府的借款有相当大部分流入了住宅开发，在这方面，博鳌年度论坛的所在地海南岛已成为过度投机的标志。

PriceLimit can set limits to the maximum and minimum profit/loss an investor and member can make in one single day, therefore to effectively slow down and mitigate the threat to the treasury future price caused by disruptive events and out-of-control arbitrages.

通过设置涨跌停板制度，能够锁定会员和投资者每一交易日所持有合约的最大盈亏，能够有效地减缓、抑制一些突发性事件和过度投机行为对国债期货价格的冲击。

Through the analysis of information rivalry between futures exchange and broker, it shows that the ultimate reason why the behavior of excessive speculation is not completely eradicated is that not only the broker biases to pursuing benefit, but also it shows active kindness considering their own survival in order to win conscience protection of futures exchange.

对交易所与经纪公司之间信息博弈的分析表明，过度投机行为屡禁不止的根本原因并非仅源于经纪公司的&逐利偏好&，还源于经纪公司因生存考验而表现出的对交易所的&主动示好&，从而赢得交易所的&良心庇护&。

The implicit faith in the ability of the market economy to correct itself, which is largely responsible for the removal of established regulations in the United States, tended to ignore the activities of prodigals and projectors in a way that would have shocked Adam Smith.

斯密将那些过度的求利风险的鼓吹者称为&投机分子&，这一说法是对过去几年中的次级贷款放债人的绝好形容。例如，在讨论反高利贷法的时候，斯密希望国家规范在那些鼓吹不稳定贷款的&投机分子&面前，为公民提供保护

The aushors promote some improved suggestion to the R F methods working in the present practice. These research will do good to the evaluation of the performance of the Fund manager, the formation of reasonable exchange price of the Fund, and to decreasing the speculation on fund exch...

该研究对于客观准确地评定基金管理人的行为，形成科学合理的投资基金的交易价格，抑制证券市场上对投资基金证券的过度投机行为，保护中小投资者利益，有较重要的现实意义

Cynanchum Lingtai apricot production in the average weight 65 grams, the brightly-colored fruit, juicy rich, sweet-sour taste, sweet from the nucleolus, when the late Qing Dynasty famous Shaanxi, Gansu provinces, the Qing imperial court Tongzhi tribute for years.

灵台生产的牛心杏平均单果重65克，果实色泽鲜艳，汁多味浓，甜酸适口，离核仁甜，清末时就驰名陕、甘两省，清同治年间曾为朝廷贡品。

Chenopodium album,Solanum nigrum, and Amaranthus retroflexus were very susceptible to the herbicides. Polygonum persicaria and Abutilon theophrasti were relatively less susceptible to the herbicides, and Lycopersicon esculentum was not susceptible to it. The relationship between reduction rates of weed biomass and PPM values of weed leaves 2,4, and 6 days after treatment was established.

供试的6种杂草对该混剂的敏感性存在显著差异：红心藜Chenopodium album、龙葵Solanum nigrum和反枝苋Amaranthus retroflexus对该混剂最敏感，ED90值分别为47.65、71.67和29.17g/hm2；春蓼Polygonum persicaria和苘麻Abutilon theophrasti敏感，ED90值分别为96.91、114.20g/hm2；而番茄不敏感。