and the second observation is already on the board.

第二个需要注意的地方我把它写在黑板上
What we have learned is sometimes in strategic settings

我们所学过的有时是策略性的模型
--sometimes not always--more information can hurt you.

有时但不是总是更多信息反而会害了你
Sometimes more information can hurt.

有时更多的信息真的会害了你
We have to be careful here

我们得小心了
because that's not always true but sometimes it's true.

因为这不一定是真的只是有时它是真的
And the reason that's true is

如果是真的信息那就意味着
--the reason is it can lead other players to take actions,

它能领先于其他竞争对手先行动
in this case, to create a large plant, that hurt you.

该情况下如果你也建了个大厂你就亏了
Now, if you put Monday's lecture together with today's lecture,

现在把周一讲的跟今天讲的一起思考
we've seen something--two very similar things arose.

我们会看到两个非常相似的地方
On Monday's lecture having fewer options,

周一的课里我们的选择性比较少