Stock market illusion, human weakness amplifier

Hao Xuguang

(Source: "Shanghai Securities News"2015-8-8）

In the bullish period of the market, "pigs can fly on the wind", which often gives people the illusion that there is a huge pie in w88 online sports betting, and it will be gone if it is too late. But it is easy to just buy and sell in w88 online sports betting, but it is not easy to make profits, especially sustained profits. In w88 online sports betting, you can't see your opponents, but they are everywhere, waiting for you to make mistakes.

The fundamental purpose of investors entering w88 online sports betting is of course to make profits and increase wealth. But there are " in w88 online sports betting7compensation2平1The law of "win", so many people lose money, it must be said that it is due to this law. Why so manyHow many investors don’t understand or don’t believe this rule? There are many reasons. The important aspect is that psychological instinctive biases unconsciously affect people's behavior. w88 online sports betting illusion strengthens and amplifies people's existing behavioral deviations.

So how does w88 online sports betting illusion amplify these biases? In order to study this question, we must first study w88 online sports betting illusion. The virtual particularity of w88 online sports betting creates illusions, which is called w88 online sports betting illusion. Its causes and components include four aspects: currency illusion, rise and fall illusion, relationship illusion, and entry illusion.

Originally, the actual impact of money on people will not differ depending on its form. But in fact, cash in people's hands, various bank cards, and funds in w88 online sports betting have different impacts on people's psychology. In other words, different forms of funds have different psychological impacts on people. Compared with cash in hand, money in w88 online sports betting has a much smaller impact on people. This is the currency illusion. The money illusion enhances people's arbitrariness in their operations. In real life, people will think twice about the use of real tens of thousands of yuan, but in w88 online sports betting, the decision is made in an instant or a flash of thought, and the "consumption" of tens of thousands or hundreds of thousands is decided with one click on the keyboard.

Compared with the rise and fall of prices in the real market, the frequency and magnitude of the rise and fall of w88 online sports betting are many times greater. If so in real life210,000 yuan of capital, to increase its value3Times to6Ten thousand yuan, except in extremely rare circumstances, the difficulty is too high. Of course, this2It is almost impossible to completely lose ten thousand yuan without any accident, such as encountering robbers, thieves, etc. In w88 online sports betting, it is possible to quickly achieve high value-added goals, which can make this210,000 yuan quickly increased610,000, but it is also very easy to return to zero quickly. The illusion of rising and falling will make people think that it is easy to make a fortune. Since it is easy, then hurry up! The fast and convenient way to make money in w88 online sports betting often makes people have dreams.

The rush for quick success makes people ignore the risks.

When people enter w88 online sports betting, they can make their own decisions under the constraints of laws and regulations. They do not need to cooperate with others, do not need to consider other people's feelings, and are not subject to the supervision or constraints of others. Only they know the results and are only responsible for themselves. But this is also an illusion, because although market participants are invisible and intangible, each small and medium-sized investor will not form a direct competitive or cooperative relationship with other participants, but there will be real mutual influence between the participants, but this influence is not specific and visible. Their behavioral characteristics and behavioral weaknesses form aggregation and resonance, which will have a great impact on the market and individuals. In w88 online sports betting, you can't see your opponents, but they are everywhere. The market as a whole constrains every participant and is "waiting for participants to make mistakes."

There is a rule in psychology. Compared with things that can be obtained with great effort, people generally will not cherish things that are easily obtained; fields that are easy to enter will generally not attract people's attention. The illusion of entry caused by too easy opening of a stock market account often strengthens this illusion. The stock market may have the lowest barriers to entry in all fields today (not to mention entry qualification certificates and interviews in various industries, even kindergarten and primary w88 casino admissions require relevant tests). Getting started in the stock market is not like other investments. Getting started requires sufficient funds, certain qualifications, a certain level of education, and sufficient energy and stamina. It is even easier than going to the vegetable market to sell vegetables. Vegetable vendors also need a certain ability to communicate with others when getting started! Easy to get started also means easy to operate. With just a click of the keyboard, a click of the mouse, or a phone call, the transaction is completed. But the problem is that it is easy to complete a transaction but very difficult to make a profit.

w88 online sports betting is one of the most complex things ever invented by mankind. Because of its unpredictable nature, predicting w88 online sports betting is almost impossible. There are still more unsolved issues in w88 online sports betting. What factors are related to profitability in w88 online sports betting? What factors are not related to it? There is no clear conclusion yet. w88 online sports betting is more fair than the real world. No matter the second generation of officials or the second generation of rich people, no matter what origin or background, regardless of academic qualifications or positions, only people's judgment, determination and patience will be recognized to see whether they can overcome the behavioral deviations of human nature. Therefore, w88 online sports betting is also a place where heroes are created, but the proportion of heroes is too low.

w88 online sports betting itself is so vast, profound and ever-changing, but it is extremely easy to get started and perform initial operations. This is a huge contrast. The entry illusion strengthens the other three illusions and forms a whole stock market illusion with the other three illusions, making people often lack awe of w88 online sports betting.

w88 online sports betting illusion makes w88 online sports betting an incubator and amplifier of people’s inherent weaknesses, cultivating and amplifying people’s weaknesses and instinctive behavioral deviations. For example, small and medium-sized investors think that it is extremely easy to make profits in w88 online sports betting and mistakenly regard w88 online sports betting as a cash machine. They are overconfident, chase the rise and kill the fall, and do not know the right time to exit short positions and take a rest. As everyone knows, if you don’t respect the market, don’t study the rules, and don’t pay attention to overcoming your own weaknesses, w88 online sports betting is more likely to become a “tiger bench” or a “meat grinder”!

In addition, the vast majority of small and medium-sized investors in our country enter the market in the middle and late stages of each bull market. During the market's bullish period, "pigs can fly on the wind", which often gives people the illusion that there is a huge pie in w88 online sports betting, and it will be gone if it goes too late. But it is easy to just buy and sell in w88 online sports betting, but it is very difficult to make a profit, especially to make a sustained profit. Otherwise, how could there be "7compensation2平1The rule of "win"?

How w88 online sports betting illusion strengthens and amplifies people's existing behavioral deviations. What are the behavioral deviations people have when investing in stocks? How to overcome the impact of stock market illusions? How to overcome behavioral biases? We will continue to discuss and study it in this series.

(The author is a professor at the w88 casino of Business, w88 casino, Beijing)

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