- 閱讀理解A
題干:Thankstoslumpingmarkets,investmentbanksaresheddingmanyoftheirhighly-paidtraders.Whenmarketsrecover,thebanksmightbetemptedtoreplacethemwithrathercheapertalent.Onealternativehasbeenaroundforawhilebuthasyettocatchon:autonomoustradingagents—computersprogrammedtoactlikethehumanversionwithoutsuchpeskycostsasholidays,lunchbreaksorbonuses.Programtradinghas,ofcourse,beendonebefore;someblamedthe1987stockmarketcrashoncomputersinstructedwithsimpledecision-makingrules.Butrobotscanbesmarterthanthat.DaveCliff,aresearcheratHewlett-PackardLaboratoriesinBristol,England,hasbeencreatingtradingrobotsforsevenyears.Incomputersimulationsheletsthemevolve"genetically",andsoallowsthemtoadaptandfitmodelsofreal-worldfinancialmarkets.Hisexperimentshavesuggestedthataredesignofsomemarketscouldleadtogreaterefficiency.Lastyear,aresearchgroupatIBMshowedthatMrCliff'sartificialtraderscouldconsistentlybeatthehumanvariety,invariouskindsofmarket.Nearlyalltaketheshapeofanauction.Onewell-knowntypeistheEnglishauction,familiartopatronsofthesalesroomsofChristie'sandSotheby's,wheresellerskeepmumontheirofferprice,andbuyersincreasetheirbidsbystagesuntilonlyoneremains.AttheotherextremeistheDutchauction,familiarto17th-centurytulip-tradersintheNetherlandsaswellastobiddersforAmericanTreasurybonds.Here,buyersremainsilent,andasellerreduceshispriceuntilitisaccepted.Mostmarketsforshares,commodities,foreignexchangeandderivativesareahybridofthesetwotypes:buyersandsellerscanannouncetheirbidorofferpricesatanytime,anddealsareconstantlybeingclosed,aso-called"continuousdoubleauction".MrCliff'snovelideawastoapplyhisevolutionarycomputerprogramstomarketplacesthemselves.Whynot,hethought,tryandseewhattypesofauctionwouldlettradersconvergemostquicklytowardsanequilibriumprice?Theresultsweresurprising.Inhismodels,auctionsthatletbuyersandsellersbidatanytimelikemostoftoday'sfinancialexchangeswerelessefficientthanonesthatrequiredrelativelymorebidsfromeitherbuyersorsellers.These"evolvedauctions"alsowithstoodbigmarketshocks,suchascrashesandpanics,betterthantoday'sreal-worldversions.MrCliff'smostrecentresults,whichwillbepresentedinSydney,Australia,onDecember10th,showthatthebesttypeofauctionforanymarketdependscruciallyonevenslightdifferencesinthenumberofbuyersandsellers.BankofAmericahasbeeninvestigatingthesenewauctions,alongwithrobotictraders,forpossibleuseinelectronicexchanges.Thehopeisthattoday'sfinancialauctionsandonlinemarketplacesmightworkbetterbybecomingmoreliketheirEnglishandDutchforebears.Butwhattocallsuchmulti-ethnichybrids?Here'sintroducingthe"Cliffhanger".
題目:The passage is mainly(). - A 、a review of two kinds of auctions
- B 、an introduction of trading robots
- C 、a survey of the trading market
- D 、about trading alternatives

掃碼下載億題庫
精準題庫快速提分
參考答案【正確答案:B】
判斷文章主旨要從文章整體來把握。文章第一段說明機器人交易員可以替代人類從事交易工作。接下來作者介紹其研發(fā)過程及其模擬的幾種拍賣形式以及拍賣中的表現(xiàn),最后一段對這種機器人交易員的前景進行了展望,可見全文都是在介紹機器人交易員。
您可能感興趣的試題- 1 【閱讀理解A】What is the passage mainly about?()
- A 、Dressing for effect
- B 、How to dress appropriately
- C 、Managerial positions and clothing
- D 、Dressing for the occasion
- 2 【閱讀理解A】 The passage is mainly about().
- A 、why computer crimes are difficult to detect by systematic inspections
- B 、why computer criminals are often able to escape punishment
- C 、how computer criminals manage to get good recommendation
- D 、why computer crimes can' t be eliminated
- 3 【閱讀理解A】 This text mainly discusses how to ().
- A 、balance feeling good and spending money
- B 、spend large sums of money won in lotteries
- C 、obtain lasting satisfaction from money spent
- D 、 become more reasonable in spending on luxuries
- 4 【閱讀理解A】The text mainly discusses().
- A 、employment in the US
- B 、part-timer classification
- C 、insurance through Medicaid
- D 、Obamacare’s trouble
- 5 【閱讀理解A】 What is mainly discussed in the text?()
- A 、The uniqueness of film
- B 、The importance of film analysis
- C 、How to identify the techniques a film uses
- D 、The relationship between film analysis and literary analysis
- 6 【閱讀理解A】In this passage, the author mainly tells us_____.
- A 、everyone has bad memories sometimes no matter how old he is
- B 、we can prevent our mind from aging with various methods
- C 、brain aging starts at the time when we are in the 20s and 30s
- D 、memory loss is not the sign that we are getting old
- 7 【閱讀理解A】The passage mainly discusses_____.
- A 、the differences in average income among countries
- B 、the relationships between productivity and living standards
- C 、the causes of the rise in living standards
- D 、the importance of raising productivity
- 8 【閱讀理解A】This passage is mainly about_____.
- A 、reasons to abolish the practice of tipping
- B 、economic sense of tipping
- C 、consumers’ attitudes towards tipping
- D 、tipping for good service
- 9 【閱讀理解A】What does the passage mainly discuss?
- A 、Human wars.
- B 、Economic crisis.
- C 、America's environmental policies.
- D 、Global environment in general.
- 10 【閱讀理解A】What is the passage mainly about?
- A 、Needs of the readers all over the world.
- B 、Causes of the public disappointment about newspapers.
- C 、Origins of the declining newspaper industry.
- D 、Aims of a journalism credibility project.
熱門試題換一換
- 有6件文物藏品:古書、銀飾、木雕、瓷器、古畫、古琴。每件的制作年代各不相同,從左至右,按年代最早至年代最晚依次排序展覽,已知的排序條件信息如下: (1)木雕的年代早于古琴; (2)如果銀飾的年代早于木雕,則瓷器的年代早于古畫和古琴; (3)如果木雕的年代早于銀飾,則古畫的年代早于瓷器和古琴; (4)古書的年代要么早于銀飾,要么早于木雕,二者不兼得。 以下哪項列出的不可能是年代最早的文物()。
- 某研究中心通過實驗對健康男性和女性聽覺的空間定位能力進行了研究。起初,每次只發(fā)出一種聲音,要求被試者說出聲源的準確位置,男性和女性都非常輕松地完成了任務(wù);后來多種聲音同時發(fā)出,要求被試者只關(guān)注一種聲音并對聲源進行定位,與男性相比,女性完成這項任務(wù)要困難得多,有時她們甚至認為聲音是從聲源相反方向傳來的。研究人員由此得出:在嘈雜環(huán)境中準確找出聲音來源的能力,男性要勝過女性。 以下哪項如果為真,最能支持研究者的結(jié)論()。
- 某中學(xué)有許多學(xué)生都有非常嚴重的學(xué)習(xí)問題,該校組建了一個委員會來研究這個問題。委員會的報告顯示,那些在學(xué)業(yè)上有問題的學(xué)生是因為他們在學(xué)校運動項目上花了大量的時間,而在學(xué)習(xí)上花的時間太少。于是該校教導(dǎo)主任禁止那些在學(xué)習(xí)上有問題的學(xué)生從事他們以前積極從事的運動項目。他說這樣就可以使那些學(xué)習(xí)上有問題的學(xué)生取得好成績。 教導(dǎo)主任的禁令可以被以下哪項所支持()。
- ()。
- 已知點C(2,-3),M(1,2),N(-1,-5),則點C到直線MN的距離等于()。
- (2)
- 某組有學(xué)生6人,血型分別為:A型2人,B型1人,以及AB型和O型血的人,從中隨機抽取兩人,則兩人血型相同的概率為2/15。() (1)AB型血有2人 (2)O型血有1人
- (14)
- 各國手機用戶數(shù)量的發(fā)展
億題庫—讓考試變得更簡單
已有600萬用戶下載
7jw8Z
