2019年翻譯資格考試英語口譯初級模擬題：市場

　　英譯漢

　　The economist John Maynard Keynes argued that market behavior could not be rational, or subject to improvement, since our existing knowledge did not provide a sufficient basis for a calculated mathematical expectation of investment returns. I think this observation is particularly true when the object of speculation involves the application of a new technology, such as the Internet.// Modern financial theory attempts to surmount the problem of an unknowable future by suggesting that returns can be predicted by measuring the past volatility of share prices -- shares that exhibit higher volatility are expected to yield greater returns. Yet this assumes the future will be a continuation of the past -- like steering a car by looking in the rear-view mirror. Investors therefore remain heavily dependent on their emotions. The feelings of "greed" and "fear”, that drive markets remain constant throughout the ages. //

　　參考譯文

　　經(jīng)濟(jì)學(xué)家約翰·梅納德·凱恩斯曾經(jīng)說過，市場的行為不可能是理性的，也不可能改進(jìn)，因?yàn)槲覀儸F(xiàn)有的知識(shí)不能為經(jīng)過精確計(jì)算而得出的投資收益預(yù)期提供充分的依據(jù)。我認(rèn)為在投機(jī)對象涉及到新技術(shù)的使用時(shí)，例如因特網(wǎng)的使用，凱恩斯的這種看法尤為正確。//現(xiàn)代金融理論試圖解決未來不可預(yù)測的問題。按照現(xiàn)代金融理論，投資收益可以通過對股價(jià)以往的波動(dòng)幅度來預(yù)測，也就是說，股價(jià)波動(dòng)較大的股票可望帶來較大的回報(bào)。但是這種理論是以未來是過去的延續(xù)為前提的，如同看著后視鏡駕駛汽車一樣。所以投資者仍然在 很大程度上憑著自己的情感操作。在任何年代，推動(dòng)市場的“貪心”和“擔(dān)心”這兩種心情 總是永恒不變的。

　　熱點(diǎn)關(guān)注：翻譯考試CATTI三級口譯模擬試題（74篇）