2 . Investors probably expect that following the suggestions of stock analysts would make them better off than doing the exact opposite. _________, recent research by Nicola Gennaioli and his colleagues shows that the best way to gain excess return s would be to invest in the shares least favored by analysts. They compute that, during the last 35 years, investing in the 10 percent of U. S. stocks analysts were most _________ about would have yielded on average 3 percent a year. _________, investing in the 10 percent of stocks analysts were most pessimistic about would have yielded a surprising 15 percent a year.

Gennaioli and colleagues shed light on this _________ with the help of cognitive sciences and, in particular, using Kahneman and Tversky's concept of representativeness. Decision makers, according to this view, _________ the representative features of a group or a phenomenon. These are defined as the features that occur more frequently in that group than in a baseline reference group.

After observing strong earnings growth—the explanation goes—analysts think that the firm may be the next Google. “Googles” are in fact more frequent among firms experiencing strong growth, which makes them _________. The problem is that “Googles” are very _________ in absolute terms. As a result, expectations become too optimistic, and future performance_________. A model of stock prices in which investor beliefs follow this logic can account both qualitatively and quantitatively for the beliefs of analysts and the dynamics (动态变化) of stock returns.

In related work, the authors also show that the same model can _________ booms and busts in the volume of credit and interest rate spreads.

These works are part of a research project aimed at taking insights from cognitive sciences and at __________them into economic models. Kahneman and Tversky's concept of “representativeness” lies at the heart of this effort. “In a classical example, we __________ to think of Irishmen as redheads because red hair is much more frequent among Irishmen than among the rest of the world,” Prof. Gennaioli says. “However, only 10 percent of Irishmen are redheads. In our work, we develop models of belief formation that show this logic and study the __________ of this important psychological force in different fields.”

Representativeness helps describe __________ and behavior in different fields, not only in financial markets. One such field is the formation of stereotypes about social groups. In a recent experimental paper, Gennaioli and colleagues show that representativeness can explain self-confidence, and in particular the __________ of women to compete in traditionally male subjects, such as mathematics. A slight prevalence of __________ male math ability in the data is enough to make math ability un-representative for women, driving their under confidence in this particular subject.

3 . In a letter he wrote in 1884, Mark Twain complained that “Telephones, telegraphs and words are too slow for this age; we must get something that is faster.” “We should communicate by thought only, and say in a couple of minutes what should have ballooned into ________ in an hour and a half,” said him.

Despite the progress the previous century brought for our understanding of both language and the brain, we are no closer to telepathy(心灵感应), communication from one mind to another by ________ means, than we were in Twain’s time. The reason is that the telepathy we’ve been promised, the sort imagined by Twain, and ________ in countless movies and TV shows, is, for the time being, groundless.

“Good old-fashioned telepathy” (GOFT) involves a direct transfer of ________ from one mind to another. It has fascinated people for good reasons. It removes the ________ of language. With GOFT, we no longer need to put each concept into words or to ________ someone’s language. You know instantly what one means as the former channel of communication, language, is not at all necessary. The ________ of language is the central feature of GOFT. It is what enables science-fiction writers to imagine humans and aliens from other planets communicating telepathically despite not sharing a language. But can it really come true with current science and technology?

Besides, GOFT promises genuine communication. However, ________ is universal. We all have experiences of saying one thing, only to be understood as saying something else. Because language is so flexible, it is also easy to lie or ________ oneself.   We aren’t even certain if Bob’s expression could be in line with what he believes in a year’s time.

These weaknesses have driven people to look for alternatives and finally inspired inventions of artificial languages trying to remove misunderstanding. Of course, one day when technology allows, a direct thought-to-thought transfer seems the ________ solution.

Many of us have the confidence that we can think faster than we can speak or write. Having to rely ________ on language to communicate, however, is depressing. Therefore, the ________ of adding new direct brain-to-brain communication channels is exciting. By channels of this kind, our brains can be “________ ” and allowed to be committed to other ________ practices instead of conveying messages.   New brain-to-brain channels have the potential to increase ________, turning us into super-actors, handling so many tasks in a short period of time as we cannot yet imagine.

4 . According to a Gallup World Poll, 1.1 billion people want to move temporarily to another country in the hope of finding more profitable jobs. An additional 630 million people would like to move abroad permanently.

The global desire to leave home arises from poverty and necessity, but it also grows out of a belief that such mobility is possible. People who hold fast to this universal ________ assume that individuals can and should be feel at home anywhere in the world and that they need not be ________ to any particular place. This view was once regarded as a negative product of the industrialization but is now accepted as central to a(n) ________ economy.

It leads to opportunity and profits, but it also has high ________ costs. According to a long research into the emotions and experiences of immigrants (移民) and migrants, many people who leave home in search of better prospects can’t avoid feeling ________ although few speak openly of the substantial pain of leaving home.

Such tolerance of emotional suffering became common among mobile Americans in the 20th century, and represented a(n) ________ from the past. In the 19th century, Americans of all groups, pioneers, soldiers and the millions of immigrants who streamed into the nation, loudly complained that moving was emotionally ________. Medical journals explored the condition, often referring to it by its clinical name: nostalgia (思乡).

Today, discussions of nostalgia are rare, for the emotion is typically regarded by individuals as an embarrassing block to progress and prosperity. The ________ makes mobility appear misleadingly easy.

Technology also tricks us into thinking that mobility is ________. The comforting vision of ________ offered by technology makes moving seem less consequential, since “one is always just a mouse click or a phone call away”.

But such a claim was ________ optimistic, for homesickness continued to hurt many who migrated. The ________ that phone calls and the Internet provide means that those away from home can know exactly what they are missing the exact moment and how it is happening. It gives the impression that one can be in two places at once but it also highlights the ________ of that assumption.

The persistence of homesickness points to the limitations of the universal philosophy that strengthens so much of our market and society. The idea that we can and should feel at home any place on the globe is based on a worldview that celebrates the independent, mobile individual and takes it for granted that men and women are easily separated from family, from home and from the past. But this view isn’t ________ our emotions, for our attachment to home, although often ________, is strong and enduring.

5 . A hundred years ago, the largest city in the world was London, with a population of 6.5 million. Today it is beaten by Tokyo. With barely a quarter the population of London a century ago, the Tokyo metropolitan area has since ______ to 34 million, promoting it to first place in the global city league table. Tokyo’s phenomenal growth is largely due to a single factor: migration from the countryside to the city.

This ______ migration can now be seen in scores of cities around the globe. And it has brought us to a crucial moment in human history. In 1990, most people lived in the countryside, with a little over 10 percent of the world’s population living in ______. From next year, the UN Population Division predicts that for the first time in history, more people will live in cities than in the country, and the biggest growth will be in “mega-cities,” with populations over 10 million.

The ______ of mega-cities - there are now 20 in total - has brought with it huge environmental and social problems. Cities occupy just two percent of the land surface of the Earth but consume three-quarters of the resources that are used up each year. Their residents are making ruinous ______ on soils and water supplies for food and on forests for wood and paper.

______ the world’s population to the countryside isn’t an option. Dividing up the planet into plots of land on which we could all survive self-sufficiently would create its own natural disasters, not to mention being highly unlikely to ever ______. If we are to protect what is left of nature, and meet the demand to improve the quality of living for the world’s developing nations, a new form of city living is the only option. ______, governments, planners, architects, and engineers are beginning to wake up to this idea, and are dreaming up new ways to green the mega-cities. Their approaches ______ two main principles: recycle whatever possible and remove as many cars as possible. So as well as developing energy-efficient buildings, emphasis is being placed on increasing the use of ______ and redesigning how cities are organized to integrate work and living areas into a single neighborhood, rather than ______ cities into residential, commercial, and industrial zones.

Planners and architects now agree that to improve the social and environmental condition of cities the top ______ is to cut car use. They say zero-emission cars running on electricity or burning hydrogen are not ______. What is needed is a wholesale rethink of how new cities are laid out — and how existing ones expand — to ______ the need for cars in the first place. One way of achieving this is to build cities with multiple centers where people live ______ their work in high-rise blocks that are also near public transport hubs. In parts of the world this is already taking place.

6 . Against all our wishes, advertising works, which is why, even in hard economic times, Madison Avenue is a $34-billion-a-year business. And if Martin Lindstrom, a marketing consultant is correct, trying to _______ the advertisement is about to get especially hard.

83% of all forms of advertising principally _______ only one of our senses: sight. Hearing, however, can be just as powerful, though advertisers have taken only limited advantage of it. Historically, ads have relied on slogans (广告语) to catch our ear, _______ everyday sounds — a steak sizzling (发嘶嘶声), a baby laughing and other sounds we can't help paying attention to. Weave these everyday sounds into an ad campaign and we customers may be _______ to resist them.

According to Lindstrom, the everyday sound that is most impressive, both in terms of interest and _______ feelings, is a baby laughing. The other high-ranking sounds are also powerful — the sound of a car engine or a soda being poured.

In all of these cases, it doesn’t need an experienced advertisement designer to invent the sounds, associate them with meanings and then play them over and over until the subjects _______ them. Rather, the everyday sounds already have meanings and thus can cause a kind of _______: hunger, thirst or happy expectation.

Some TV ads have already given viewers close-up shots of meat with sizzling sounds. And retailers are _______. Lindstrom is now consulting with clients, intending to pipe the sound of filtering coffee or fizzing soda into the drink department or that of a baby laughing sound into the baby-food section.

Of course, this doesn’t mean that advertisers can just press the audio button _______ and consumers will come eagerly. Indeed, sometimes customers flee. In the early years of cell-phone use, the ringtone (铃音) of a famous cell phone brand was recognized by many people in the U.K., but soon it became widely ________. That, Lindstrom says, was partly because so few users observed cell-phone manners and ________ accidents kept happening in places like movie theaters. The computer start-up sound has taken on the similarly negative ________, because people so often hear it when they’re restarting the computer after it ________. In these cases, manufacturers themselves may as well revise the bothersome sound or ________ it entirely.

Lindstrom’s experiment also shows that people respond to a sound better when it’s ________. If nothing else, smart marketers may at least keep the volume low.

7 . NANNING - Every Monday morning in Mentun village, locals gather in their rural library to share books and they are often ______ by book lovers from nearby villages. The tennis court-sized library is now the place many locals ______ in the village.

The village's library was previously a small office, where about 3,000 books were ______, according to village official Tao Hanshan.

"There wasn't enough room in the library for visitors to read or ______ books, and villagers didn't want to come," says Tao.

The village was once stuck in ______, and most villagers were trying to make a living back then. They ______ had any interest in reading, according to Tao.

"The village had no extra ______ for the library project," he recalls, adding that, at the time, some of the library's books were also outdated.

As Chinese authorities urged efforts to provide better services and facilities in ______ libraries, these improved libraries have seen ______ numbers of visitors in recent years.

In April last year, a local bookstore donated 30,000 new books and supporting facilities to the library in Mentun village, which allowed the library to be significantly ______.

Ruan Wencheng, a villager in his 50s, has since become a regular library visitor.

"Last year, my family tried to raise silkworms, but we ______ due to a lack of silkworm knowledge," says Ruan. "Experts are not always in the village, so I now often come to the library to read and borrow books related to silkworm ______. I have learned a lot."

Tao says that the library now continuously adjusts its books according to the needs of villagers, and it is gaining ______. More and more people are coming.

To make libraries in the countryside more attractive, authorities have taken various measures in villages across the country. Take the library of the Nanzhan residential community in the Sanjiang Dong autonomous county of Guangxi as ______. All residents were relocated from poor and remote areas of the county, so more books for younger readers have been included in the library's collection.

The past few years have also witnessed the ______ of digitized rural libraries. Provincial and regional authorities across the country have been promoting digital reading in rural areas, using TV sets, mobile applications and online libraries.

"Many books are now available in digital libraries and I can read them on my TV," says Ruan. "My life has been enriched."

8 . Everybody loves to hate invasive species. The international list of invasive species—defined as those that were introduced by humans to new places, and then _________ — runs to over 4,000. In Australia and New Zealand hot war is fought against introduced creatures like cane toads (蔗蟾蜍) and rats.

Some things that are uncontroversial (无争议的) are nonetheless foolish. With a few important exceptions, campaigns to   _________ invasive species are merely a waste of money and effort — for reasons that are partly practical and partly philosophical.

Start with the practical arguments. Most invasive species are neither terribly successful nor very _________ . Britons think themselves surrounded by foreign plants. _________ , Britain’s invasive plants are not widespread, not spreading especially quickly, and often less of a(n) _________ than vigorous native plants. The arrival of new species almost always _________ biological diversity (多样性) in a region; in many cases, a flood of newcomers drives no native species to extinction. One reason is that invaders tend to colonise _________ habitats like polluted lakes and post-industrial wasteland, where little else lives. They are nature’s opportunists.

The philosophical reason for starting war on the invaders is also _________. Elimination campaigns tend to be   _________ by the belief that it is possible to restore balance to nature — to return woods and lakes to the state before human   ____________ . That is misguided. Nature is an everlasting mess, with species constantly emerging, withdrawing and hybridizing (杂交). Humans have only quickened these processes. Going back to ancient habitats is becoming ____________ in any case, because of man-made climate change. Taking on the invaders is a(n) ____________ gesture, not a means to an achievable end.

A reasonable attitude to invaders need not imply passivity. A few foreign species are truly ____________ and should be fought: the Nile perch – a fish, has helped drive many species of fish to extinction in Lake Victoria. It makes sense to ____________ pathogens (病菌), especially those that destroy whole native tree species, and to stop known agricultural pests from gaining a foothold. Fencing off wildlife reserves to create open-air ecological museums is fine, too. And it is a good idea for European gardeners to destroy Japanese plants, just as they give no space to native harmful grasses like bindweed and ground elder. You can garden in a garden. You cannot garden ____________ . That is universally accepted.

9 . Success in 18 minutes

I believe that routines are the ________ to success — whether in career, in fitness goals, or in your relationships. Routines provide us with an opportunity to reach our goals and ensure that we are taking steps in the right ________. In my view, ________ things like exercise routines, we must also include routines for ________ — a time ________ to planning and reflecting on what we’re doing and where we’re going.

In his book “18 Minutes: Find Your Focus, Master Distraction, and Get the Right Things Done”, Peter Bregman outlines an 18-minute daily routine that will help us to reflect on where we are going, and to ________ that we remain on the right path throughout the day. Here, I will outline this routine, how to do it, and why it’s important. This routine is flexible, so take the parts that are ________ to you and make it your own.

Taking 5 minutes in the morning to plan your day is ________ important. Bregman ________ sitting down with your to-do list and figuring out what you can do that will make today highly ________. Plan what you are going to do today. These 5 minutes in the morning can look like anything. The point is to take some time to reflect on the day ahead and plan your direction.

Set an alarm for each hour. When your alarm goes off, take one minute to reflect. Take a deep breath. Reflect on the last hour — did you do what you wanted to get done? Did you ________ what you were doing? Then make a plan for what you are going to do for the next hour.

Take 5 minutes at the end of your work day to reflect on how the day went. Bregman suggests asking yourself the following questions:

One: How did the day go? What success did I experience? What challenges did I endure? Is there any better way to ________ them?

Two: What did I learn today? What do I plan to do — differently or the same — tomorrow?

Three: Did I interact with others? Is there anyone I need to thank, or ask a question, or   ________ thoughts with?

Again, the point is to reflect and ensure you’re on the right path, as well as setting you up for a productive day tomorrow.

Taking time to plan and reflect on your days is important. A simple, 18-minute routine is all you need to achieve this. ________ this process is simple and quick, it has powerful results. “The moments add up to days, the days add up to years, and the years add up to your life. You’ll know you’re getting the right things done. It all starts with your one thing.” ________, don’t hesitate. Start your reflection routine from today!

10 . Most of us have no difficulty recognizing luck when it’s on apparent display, as when someone wins the lottery. But _________ often plays out in delicate ways and it’s easy to construct narratives that portray success as out of everything but luck. These misleading stories have surprising implications for human mindset, downplaying the power of chances.

Consider the history of the Mona Lisa. After having staved in the _________ for most of its early existence, the painting was pushed into the spotlight in 1911 when it was stolen from Louvre. The famous theft remained _________ for two years until a maintenance worker was arrested after trying to sell the painting. His arrest caused a second wave of _________, with the painting on everyone’s lips. As in the art world, it is so too in the world of work. Almost every career path consists of a sequence of steps, each of which depends on former ones. Inevitably, some of those _________ steps can be influenced by chance factors, which, as a result, are sure to affect the following process. So it is reasonable to conclude that _________ all successful careers involve at least a certain degree of luck.

One’s date of birth _________, for example. According to a study, most children born in the summer tend to be among the youngest members of their class, which explains why they are less likely to hold _________ positions during high school and thus, less likely to land good jobs later in life.

To acknowledge the power of chance events is not to suggest that success is independent of _________. Charlie Munger has said. “The safest way to get what you want is to __________ what you want.”

Of course, luck counts too. Being born in a good education system is a kind of luck we can control— that is, at least we can decide how lucky our children will be. But in America, we’ve been doing a bad job as the budget for education has __________. The human tendency to __________ luck’s role has caused this troubling state by unwillingness to invest in education, the strong system of which can produce __________ for the next generation.

Luckily, there is a solution. Guiding people to __________ their good fortune tends to make them more willing to contribute to the __________, according to a study. So try to engage your successful friends in reviews about their experiences with luck. In the process, the next generation’s odds of success may well increase and meanwhile, all the social members are more likely to enjoy the improved public service.