An in-depth analysis of the framing effect in trading and its implicit manipulation of risk perception. Explore how the same fact triggers completely different decisions under different representations, and reveal the cognitive traps in interface design and media narratives. Wmax Behavioral Finance Series helps you establish "dual-frame comparison" and the habit of de-decorating data, strip away the temptation of language, deconstruct the narrative framework in the flood of information, and regain the sovereignty of independent judgment.