来自《耶鲁大学开放课程：金融市场 第7集 第7集》

• 
  
  I don't want to ever--kind of going down.
  我有点... 曲线这边有一点往下
• 
  
  There's a kink here, where the slope
  这里是拐点 然后这边斜率...
• 
  
  --I think I've got it sort of there.
  这下好多了
• 
  
  It's concave down everywhere,
  这整条曲线全都是下凹的
• 
  
  just like the utility function is,
  很像效用函数
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  but there's a discontinuity of slope right here.
  但是这里有一个切线斜率不连续的点
• 
  
  Where is that?
  这点代表了什么
• 
  
  That's where I am now.
  就是我现在的价值参考点
• 
  
  What it means is that I value losses much more than
  即在此点上 我将损失
• 
  
  I value gains from wherever I am.
  看的比收益重的多
• 
  
  There's a big difference between losing and winning,
  输赢对我有着巨大差别
• 
  
  so when I reflect on this bet
  因此回到前面那个赌局