{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"9c884da5-4c5c-4613-91be-2dad1863fbfa","title":"黑箱社会 控制金钱和信息的数据法则＝THE BLACK BOX SOCIETY","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787508655208","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"9c884da5-4c5c-4613-91be-2dad1863fbfa","id":"9c884da5-4c5c-4613-91be-2dad1863fbfa","uuid":"9c884da5-4c5c-4613-91be-2dad1863fbfa","title":"黑箱社会 控制金钱和信息的数据法则＝THE BLACK BOX SOCIETY","normalized_title":"黑箱社会控制金钱和信息的数据法则theblackboxsociety","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787508655208","isbns":["9787508655208"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":318,"navigation_url":"https://workshop.closeclaw.top/ai/book/9c884da5-4c5c-4613-91be-2dad1863fbfa","title_url":"https://workshop.closeclaw.top/ai/title/%E9%BB%91%E7%AE%B1%E7%A4%BE%E4%BC%9A%20%E6%8E%A7%E5%88%B6%E9%87%91%E9%92%B1%E5%92%8C%E4%BF%A1%E6%81%AF%E7%9A%84%E6%95%B0%E6%8D%AE%E6%B3%95%E5%88%99%EF%BC%9DTHE%20BLACK%20BOX%20SOCIETY","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/9c884da5-4c5c-4613-91be-2dad1863fbfa/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/9c884da5-4c5c-4613-91be-2dad1863fbfa/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/9c884da5-4c5c-4613-91be-2dad1863fbfa","page_url":"https://workshop.closeclaw.top/api/ai/books/9c884da5-4c5c-4613-91be-2dad1863fbfa/page","search_url":"https://workshop.closeclaw.top/api/ai/books/9c884da5-4c5c-4613-91be-2dad1863fbfa/search"},"page":{"printed_page":178,"pdf_page":197,"physical_index":197,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"52a0724fa9443b6d71870e395364ac82e63bd5441a1cfa541cdff55240b9761e"},"chapter":"第三章","content":"风险与信仰\n\n财政部门宣称的主要目标是进行市场定价。如果只有少数人买卖特定公司的股票，那么股票的价格就很难确定到合适的位置。买卖双方的讨价还价可以反映各方的议价能力或随机谈判条件，而非股票的实际价值。人们认为大型市场更加注重客观，希望它可以通过增加交易地点来使买卖双方更加多元化，从而解决上述问题。有时买方可能处于劣势，有时卖方可能处于劣势。总体来说，当明确的价格信号出现后，这种“失调”的情况就会消失。\n\n信用违约掉期的生成者们都希望自己的衍生产品能够像证券市场中（理论上）的股票交易一样在债券市场中取得相同的成绩，其最终目标是在一系列金融风险的背景下设置出准确的价格。金融工程师们认为这是人类聪明才智的伟大胜利，这种将风险进行商品化处理的技术将极大地提升人们的规划与投资能力。在房地产泡沫期间，购买债务抵押债券和信用违约掉期的投资人都觉得自己可以点石成金，无论未来发生什么都可以稳坐收益。\n\n正如我们所知，市场定价功能已经彻底失灵。在复杂性、渎职，甚至是明目张胆的欺诈行为面前，金融工程师们曾经精细规划的财务远景显得如此不堪一击。市场震荡催生了巨大的恐慌感，人们开始担心自己的房产和退休投资组合是否会发生贬值。\n\n黑箱社会The Black BoxSociety\n\n178","previous_page":177,"next_page":179}