![\"\u623f\u5c4b,\u5c0f\u96d5\u50cf,\u65b9\u683c\u7eb8,\u84dd\u8272,\u4f4f\u623f\u95ee\u9898,\u62b5\u62bc\u6587\u4ef6,\u623f\u5c4b\u5efa\u8bbe,\u8d37\u6b3e,\u7ebf\u56fe,\u623f\u5730\u4ea7\"](\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/12\/unnamed-file-71.jpeg\")
<\/p>\nTr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh, m\u1ed9t hi\u1ec7n t\u01b0\u1ee3ng t\u00e1i di\u1ec5n nh\u01b0ng th\u01b0\u1eddng b\u1ecb b\u1ecf qua l\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 xu h\u01b0\u1edbng b\u00e1n c\u00e1c v\u1ecb th\u1ebf c\u00f3 l\u00e3i qu\u00e1 s\u1edbm nh\u01b0ng l\u1ea1i gi\u1eef c\u00e1c v\u1ecb th\u1ebf thua l\u1ed7 trong th\u1eddi gian d\u00e0i cho \u0111\u1ebfn khi kho\u1ea3n l\u1ed7 ng\u00e0y c\u00e0ng gia t\u0103ng. H\u00e0nh vi t\u01b0\u1edfng ch\u1eebng nh\u01b0 m\u00e2u thu\u1eabn n\u00e0y kh\u00f4ng ph\u1ea3i do thi\u1ebfu hi\u1ec3u bi\u1ebft m\u00e0 l\u00e0 do b\u1ea3n n\u0103ng con ng\u01b0\u1eddi s\u1ee3 \u201cm\u1ea5t m\u00e1t\u201d. Kinh t\u1ebf h\u1ecdc h\u00e0nh vi g\u00e1n \u0111i\u1ec1u n\u00e0y cho \"\u00c1c c\u1ea3m m\u1ea5t m\u00e1t\", \u0111\u01b0\u1ee3c th\u1ec3 hi\u1ec7n r\u00f5 h\u01a1n l\u00e0 \"Hi\u1ec7u \u1ee9ng x\u1eed l\u00fd\". Hi\u1ec3u c\u01a1 ch\u1ebf n\u00e0y l\u00e0 m\u1ed9t b\u01b0\u1edbc quan tr\u1ecdng \u0111\u1ec3 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh h\u1ee3p l\u00fd.<\/p>\n
1. \u00c1c c\u1ea3m m\u1ea5t m\u00e1t: s\u1ef1 b\u1ea5t c\u00e2n x\u1ee9ng c\u1ee7a s\u1ee9c n\u1eb7ng t\u00e2m l\u00fd<\/p>\n
N\u0103m 1979, c\u00e1c nh\u00e0 t\u00e2m l\u00fd h\u1ecdc Daniel Kahneman v\u00e0 Amos Tversky \u0111\u00e3 \u0111\u1ec1 xu\u1ea5t \"l\u00fd thuy\u1ebft tri\u1ec3n v\u1ecdng\", l\u1eadt ng\u01b0\u1ee3c gi\u1ea3 \u0111\u1ecbnh trong kinh t\u1ebf h\u1ecdc truy\u1ec1n th\u1ed1ng r\u1eb1ng \"con ng\u01b0\u1eddi l\u00e0 nh\u1eefng ng\u01b0\u1eddi t\u1ed1i \u0111a h\u00f3a l\u1ee3i \u00edch h\u1ee3p l\u00fd\". Th\u00f4ng qua m\u1ed9t s\u1ed1 l\u01b0\u1ee3ng l\u1edbn c\u00e1c th\u00ed nghi\u1ec7m, h\u1ecd ph\u00e1t hi\u1ec7n ra r\u1eb1ng con ng\u01b0\u1eddi nh\u1ea1y c\u1ea3m v\u1edbi nh\u1eefng m\u1ea5t m\u00e1t g\u1ea5p \u0111\u00f4i so v\u1edbi nh\u1eefng l\u1ee3i \u00edch t\u01b0\u01a1ng t\u1ef1. V\u00ed d\u1ee5, n\u1ed7i \u0111au do m\u1ea5t 100 t\u1ec7 c\u1ea7n ph\u1ea3i ki\u1ebfm \u0111\u01b0\u1ee3c 200 t\u1ec7 \u0111\u1ec3 b\u00f9 \u0111\u1eafp ho\u00e0n to\u00e0n. S\u1ef1 b\u1ea5t c\u00e2n x\u1ee9ng t\u00e2m l\u00fd n\u00e0y khi\u1ebfn con ng\u01b0\u1eddi c\u00f3 nh\u1eefng \u01b0u ti\u00ean phi l\u00fd khi \u0111\u1ed1i m\u1eb7t v\u1edbi r\u1ee7i ro - h\u1ecd th\u00e0 t\u1eeb b\u1ecf nh\u1eefng l\u1ee3i \u00edch ti\u1ec1m n\u0103ng c\u00f2n h\u01a1n ch\u1ecbu nh\u1eefng t\u1ed5n th\u1ea5t nh\u1ea5t \u0111\u1ecbnh.<\/p>\n
2. T\u1eeb l\u00fd thuy\u1ebft \u0111\u1ebfn giao d\u1ecbch: S\u1ef1 h\u00ecnh th\u00e0nh hi\u1ec7u l\u1ef1c x\u1eed l\u00fd<\/p>\n
N\u0103m 1985, c\u00e1c nh\u00e0 kinh t\u1ebf Hersh Sheffrin v\u00e0 Mel Statman \u0111\u00e3 \u0111\u01b0a \u00e1c c\u1ea3m m\u1ea5t m\u00e1t v\u00e0o l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh v\u00e0 l\u1ea7n \u0111\u1ea7u ti\u00ean \u0111\u1ec1 xu\u1ea5t kh\u00e1i ni\u1ec7m \"hi\u1ec7u \u1ee9ng x\u1eed l\u00fd\". H\u1ecd ph\u00e1t hi\u1ec7n ra r\u1eb1ng trong d\u1eef li\u1ec7u giao d\u1ecbch th\u1ef1c t\u1ebf, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 kh\u1ea3 n\u0103ng b\u00e1n c\u1ed5 phi\u1ebfu sinh l\u00e3i cao g\u1ea5p 1,5 \u0111\u1ebfn 2 l\u1ea7n so v\u1edbi b\u00e1n c\u1ed5 phi\u1ebfu thua l\u1ed7. Con \u0111\u01b0\u1eddng t\u00e2m l\u00fd nh\u01b0 sau: khi v\u1ecb th\u1ebf c\u00f3 l\u00e3i, ng\u01b0\u1eddi d\u00f9ng h\u00e1o h\u1ee9c gi\u1ea3i quy\u1ebft v\u00ec s\u1ee3 \u201cch\u1ed1t l\u1eddi\u201d; khi v\u1ecb th\u1ebf b\u1ecb thua l\u1ed7, ng\u01b0\u1eddi d\u00f9ng t\u1eeb ch\u1ed1i d\u1eebng l\u1ed7 v\u00ec kh\u00f4ng mu\u1ed1n \"bi\u1ebfn l\u1ed7 s\u1ed5 s\u00e1ch th\u00e0nh l\u1ed7 th\u1ef1c t\u1ebf\" v\u00e0 thay v\u00e0o \u0111\u00f3 x\u00e1c \u0111\u1ecbnh l\u1ea1i v\u1ecb th\u1ebf l\u00e0 \"\u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n\" \u0111\u1ec3 duy tr\u00ec c\u00e2n b\u1eb1ng t\u00e2m l\u00fd.<\/p>\n
3. Vi\u1ec7c theo d\u00f5i th\u1ecb tr\u01b0\u1eddng t\u1ea7n s\u1ed1 cao khu\u1ebfch \u0111\u1ea1i s\u1ef1 phi l\u00fd nh\u01b0 th\u1ebf n\u00e0o<\/p>\n
Trong m\u00f4i tr\u01b0\u1eddng giao d\u1ecbch b\u00e1o gi\u00e1 theo th\u1eddi gian th\u1ef1c, \u0111\u00f2n b\u1ea9y cao nh\u01b0 CFD, t\u00e2m l\u00fd s\u1ee3 thua l\u1ed7 \u0111\u01b0\u1ee3c khu\u1ebfch \u0111\u1ea1i \u0111\u00e1ng k\u1ec3. M\u1ed7i t\u00edch t\u1eafc gi\u00e1 l\u00e0 m\u1ed9t s\u1ef1 k\u00edch th\u00edch tr\u1ef1c ti\u1ebfp \u0111\u1ebfn c\u1ea3m x\u00fac. Nghi\u00ean c\u1ee9u kinh t\u1ebf th\u1ea7n kinh cho th\u1ea5y r\u1eb1ng khi m\u1ed9t t\u00e0i kho\u1ea3n b\u1ecb thua l\u1ed7, ho\u1ea1t \u0111\u1ed9ng c\u1ee7a h\u1ea1ch h\u1ea1nh nh\u00e2n (ch\u1ecbu tr\u00e1ch nhi\u1ec7m v\u1ec1 ph\u1ea3n \u1ee9ng s\u1ee3 h\u00e3i) c\u1ee7a n\u00e3o s\u1ebd t\u0103ng l\u00ean, trong khi ch\u1ee9c n\u0103ng c\u1ee7a v\u1ecf n\u00e3o tr\u01b0\u1edbc tr\u00e1n (ch\u1ecbu tr\u00e1ch nhi\u1ec7m \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh h\u1ee3p l\u00fd) b\u1ecb \u1ee9c ch\u1ebf. \u1ede tr\u1ea1ng th\u00e1i n\u00e0y, ng\u01b0\u1eddi d\u00f9ng c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng r\u01a1i v\u00e0o t\u00ecnh tr\u1ea1ng c\u00f4 l\u1eadp c\u1ee7a \"k\u1ebf to\u00e1n tinh th\u1ea7n\" - coi m\u1ed7i giao d\u1ecbch nh\u01b0 m\u1ed9t s\u1ef1 ki\u1ec7n \u0111\u1ed9c l\u1eadp v\u00e0 \u0111o l\u01b0\u1eddng th\u00e0nh c\u00f4ng hay th\u1ea5t b\u1ea1i d\u1ef1a tr\u00ean chi ph\u00ed m\u1edf m\u1ed9t v\u1ecb th\u1ebf. K\u1ebft qu\u1ea3 l\u00e0 c\u00e1c quy\u1ebft \u0111\u1ecbnh kh\u00f4ng c\u00f2n d\u1ef1a tr\u00ean t\u00edn hi\u1ec7u th\u1ecb tr\u01b0\u1eddng m\u00e0 thay v\u00e0o \u0111\u00f3 ph\u1ee5c v\u1ee5 nhu c\u1ea7u t\u00e2m l\u00fd \u0111\u1ec3 tr\u00e1nh th\u1eeba nh\u1eadn sai l\u1ea7m.<\/p>\n
<\/p>\n
4. Chi ph\u00ed th\u1ef1c s\u1ef1 c\u1ee7a hi\u1ec7u \u1ee9ng thanh l\u00fd<\/p>\n
Nh\u00ecn b\u1ec1 ngo\u00e0i, vi\u1ec7c gi\u1eef v\u1ecb th\u1ebf thua l\u1ed7 v\u00e0 ch\u1edd thu h\u1ed3i v\u1ed1n l\u00e0 m\u1ed9t lo\u1ea1i \u201cki\u00ean nh\u1eabn\u201d, nh\u01b0ng th\u1ef1c t\u1ebf n\u00f3 c\u00f3 th\u1ec3 mang l\u1ea1i ba c\u00e1i gi\u00e1:<\/p>\n
Th\u1ee9 nh\u1ea5t, chi ph\u00ed c\u01a1 h\u1ed9i: ngu\u1ed3n v\u1ed1n \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng kh\u00f4ng hi\u1ec7u qu\u1ea3 v\u00e0 b\u1ecf l\u1ee1 nhi\u1ec1u c\u01a1 h\u1ed9i ti\u1ec1m n\u0103ng kh\u00e1c;<\/p>\n
Th\u1ee9 hai, t\u00edch l\u0169y r\u1ee7i ro: N\u1ebfu v\u1ecb th\u1ebf thua l\u1ed7 ti\u1ebfp t\u1ee5c gi\u1ea3m c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn t\u1ed5n th\u1ea5t l\u1edbn h\u01a1n;<\/p>\n
Th\u1ee9 ba, c\u1ee7ng c\u1ed1 nh\u1eadn th\u1ee9c: \u0110\u1ec3 h\u1ee3p l\u00fd h\u00f3a quan \u0111i\u1ec3m c\u1ee7a m\u00ecnh, ng\u01b0\u1eddi d\u00f9ng s\u1ebd t\u00edch c\u1ef1c t\u00ecm ki\u1ebfm th\u00f4ng tin h\u1ed7 tr\u1ee3 \u0111\u1ec3 c\u1ee7ng c\u1ed1 h\u01a1n n\u1eefa th\u00e0nh ki\u1ebfn \u200b\u200bc\u1ee7a m\u00ecnh.<\/p>\n
Nghi\u00ean c\u1ee9u th\u1ef1c nghi\u1ec7m cho th\u1ea5y c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 b\u1ecb \u1ea3nh h\u01b0\u1edfng nghi\u00eam tr\u1ecdng b\u1edfi hi\u1ec7u \u1ee9ng thanh l\u00fd c\u00f3 l\u1ee3i nhu\u1eadn trung b\u00ecnh d\u00e0i h\u1ea1n h\u00e0ng n\u0103m th\u1ea5p h\u01a1n 3\u20135 \u0111i\u1ec3m ph\u1ea7n tr\u0103m. V\u1ea5n \u0111\u1ec1 kh\u00f4ng ph\u1ea3i l\u00e0 th\u1ecb tr\u01b0\u1eddng m\u00e0 l\u00e0 n\u1ed7i s\u1ee3 h\u00e3i qu\u00e1 m\u1ee9c v\u1ec1 vi\u1ec7c \u201cnh\u1eadn ra thua l\u1ed7\u201d.<\/p>\n
5. X\u00e2y d\u1ef1ng c\u01a1 ch\u1ebf ph\u1ea3n \u1ee9ng ch\u1ed1ng mong manh<\/p>\n
\u0110\u1ec3 ch\u1ed1ng l\u1ea1i \u00e1c c\u1ea3m m\u1ea5t m\u00e1t, b\u1ea1n kh\u00f4ng th\u1ec3 d\u1ef1a v\u00e0o s\u1ee9c m\u1ea1nh \u00fd ch\u00ed m\u00e0 ph\u1ea3i d\u1ef1a v\u00e0o c\u00e1c quy t\u1eafc \u0111\u00e3 \u0111\u01b0\u1ee3c th\u1ec3 ch\u1ebf h\u00f3a:<\/p>\n
\u0110\u1ea7u ti\u00ean, \u0111\u1eb7t tr\u01b0\u1edbc ti\u00eau ch\u00ed tho\u00e1t. Tr\u01b0\u1edbc khi m\u1edf m\u1ed9t v\u1ecb th\u1ebf, h\u00e3y l\u00e0m r\u00f5 \"r\u1eddi kh\u1ecfi th\u1ecb tr\u01b0\u1eddng trong nh\u1eefng \u0111i\u1ec1u ki\u1ec7n n\u00e0o\". B\u1ea5t k\u1ec3 l\u00e3i hay l\u1ed7, ch\u1ec9 c\u1ea7n xem logic c\u00f3 h\u1ee3p l\u1ec7 hay kh\u00f4ng;<\/p>\n
Th\u1ee9 hai, t\u00e1ch bi\u1ec7t chi ph\u00ed v\u00e0 quy\u1ebft \u0111\u1ecbnh. Khi \u0111\u00e1nh gi\u00e1 m\u1ed9t v\u1ecb th\u1ebf, h\u00e3y h\u1ecfi \"N\u1ebfu b\u00e2y gi\u1edd t\u00f4i mua m\u1ed9t v\u1ecb th\u1ebf b\u00e1n, t\u00f4i c\u00f3 m\u1edf m\u1ed9t v\u1ecb th\u1ebf m\u1edbi kh\u00f4ng?\" thay v\u00ec \"T\u00f4i c\u00f3 l\u1ea5y l\u1ea1i \u0111\u01b0\u1ee3c ti\u1ec1n kh\u00f4ng?\"<\/p>\n
M\u1ed9t l\u1ea7n n\u1eefa, h\u00e3y thi\u1ebft l\u1eadp l\u1ea1i t\u00e0i kho\u1ea3n tinh th\u1ea7n c\u1ee7a b\u1ea1n th\u01b0\u1eddng xuy\u00ean. X\u00f3a b\u1ed9 nh\u1edb l\u00e3i l\u1ed7 h\u00e0ng tu\u1ea7n ho\u1eb7c h\u00e0ng th\u00e1ng \u0111\u1ec3 tr\u00e1nh chi ph\u00ed l\u1ecbch s\u1eed \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u00e1c ph\u00e1n \u0111o\u00e1n trong t\u01b0\u01a1ng lai;<\/p>\n
Cu\u1ed1i c\u00f9ng l\u00e0 ch\u1ea5p nh\u1eadn \u201c\u0111\u00fang m\u00e0 thua\u201d. M\u1ed9t chi\u1ebfn l\u01b0\u1ee3c t\u1ed1t c\u00f3 th\u1ec3 th\u1ea5t b\u1ea1i trong ng\u1eafn h\u1ea1n. \u0110i\u1ec1u quan tr\u1ecdng l\u00e0 gi\u00e1 tr\u1ecb k\u1ef3 v\u1ecdng d\u00e0i h\u1ea1n l\u00e0 d\u01b0\u01a1ng. K\u1ef7 lu\u1eadt th\u1ef1c s\u1ef1 l\u00e0 cho ph\u00e9p h\u1ec7 th\u1ed1ng thay th\u1ebf c\u00e1c ph\u1ea3n \u1ee9ng b\u1ea3n n\u0103ng khi l\u00fd tr\u00ed th\u1ea5t b\u1ea1i.<\/p>\n
K\u1ebft lu\u1eadn: K\u1ebb th\u00f9 c\u1ee7a giao d\u1ecbch th\u01b0\u1eddng \u1edf trong g\u01b0\u01a1ng<\/p>\n
B\u1ea3n th\u00e2n th\u1ecb tr\u01b0\u1eddng kh\u00f4ng \u0111\u1ed9c h\u1ea1i, n\u00f3 ch\u1ec9 mang t\u00ednh x\u00e1c su\u1ea5t. Tuy nhi\u00ean, b\u1ed9 n\u00e3o con ng\u01b0\u1eddi c\u00f3 \u201cb\u1ed9 l\u1ecdc m\u1ea5t m\u00e1t\u201d ri\u00eang gi\u00fap chuy\u1ec3n \u0111\u1ed5i nh\u1eefng thay \u0111\u1ed5i kh\u00e1ch quan v\u1ec1 gi\u00e1 th\u00e0nh n\u1ed7i \u0111au ch\u1ee7 quan. WmaxLo\u1ea1t b\u00e0i t\u00e0i ch\u00ednh h\u00e0nh vi kh\u00f4ng \u0111\u01b0a ra nh\u1eefng con \u0111\u01b0\u1eddng t\u1eaft nh\u01b0ng ph\u01a1i b\u00e0y nh\u1eefng b\u1eaby nh\u1eadn th\u1ee9c ti\u1ec1m \u1ea9n n\u00e0y. B\u1edfi ch\u1ec9 khi nh\u00ecn r\u00f5 b\u1ea3n th\u00e2n, b\u1ea1n m\u1edbi c\u00f3 th\u1ec3 t\u1ec9nh t\u00e1o tr\u01b0\u1edbc nh\u1eefng bi\u1ebfn \u0111\u1ed9ng v\u00e0 th\u1ef1c s\u1ef1 t\u1ed3n t\u1ea1i l\u00e2u d\u00e0i.<\/p>","protected":false},"excerpt":{"rendered":"
B\u00e0i vi\u1ebft n\u00e0y ph\u00e2n t\u00edch hi\u1ec7u \u1ee9ng \u00e1c c\u1ea3m m\u1ea5t m\u00e1t v\u00e0 x\u1eed l\u00fd trong t\u00e0i ch\u00ednh h\u00e0nh vi. Kh\u00e1m ph\u00e1 l\u00fd do t\u1ea1i sao c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 xu h\u01b0\u1edbng b\u00e1n c\u00e1c v\u1ecb th\u1ebf th\u1eafng qu\u00e1 s\u1edbm v\u00e0 gi\u1eef kho\u1ea3n l\u1ed7 trong th\u1eddi gian d\u00e0i. Ph\u00e2n t\u00edch s\u1ef1 can thi\u1ec7p c\u1ee7a trung t\u00e2m s\u1ee3 h\u00e3i c\u1ee7a n\u00e3o v\u00e0o c\u00e1c quy\u1ebft \u0111\u1ecbnh giao d\u1ecbch v\u00e0 \u0111\u01b0a ra c\u00e1c \u0111\u1ec1 xu\u1ea5t mang t\u00ednh th\u1ec3 ch\u1ebf \u0111\u1ec3 x\u00e2y d\u1ef1ng khu\u00f4n kh\u1ed5 ra quy\u1ebft \u0111\u1ecbnh ch\u1ed1ng mong manh nh\u1eb1m gi\u00fap c\u00e1c nh\u00e0 giao d\u1ecbch v\u01b0\u1ee3t qua nh\u1eefng th\u00e0nh ki\u1ebfn \u200b\u200bv\u1ec1 nh\u1eadn th\u1ee9c v\u00e0 c\u1ea3i thi\u1ec7n kh\u1ea3 n\u0103ng t\u1ed3n t\u1ea1i l\u00e2u d\u00e0i.<\/p>","protected":false},"author":1,"featured_media":8078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[122],"tags":[360,361,312],"class_list":["post-8077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tutorial","tag-360","tag-361","tag-312"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/comments?post=8077"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8077\/revisions"}],"predecessor-version":[{"id":8080,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8077\/revisions\/8080"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/8078"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=8077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=8077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=8077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}