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  • 阅读理解A
    题干: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".
    题目: Toward robot traders, the writer’s attitude can be said to be().
  • A 、biased
  • B 、objective
  • C 、pessimistic
  • D 、optimistic

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【正确答案:D】

作者的态度可以通过材料的选择和措辞来判断。在第一段,作者指出,机器人交易员不同于程序交易,是聪明的交易员。接着作者介绍了IBM的一个研究小组的成果:这种机器人交易员可以在各种市场上击败真人交易员。可见,作者对机器人交易员持积极乐观的态度。

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