{"id":8735,"date":"2026-02-03T14:15:28","date_gmt":"2026-02-03T06:15:28","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=8735"},"modified":"2026-02-03T14:15:35","modified_gmt":"2026-02-03T06:15:35","slug":"%e6%89%93%e7%a0%b4%e5%bf%83%e7%90%86%e8%b4%a6%e6%88%b7%e7%9a%84%e5%b9%bb%e8%a7%89%ef%bc%8c%e9%87%8d%e5%a1%91%e4%ba%a4%e6%98%93%e8%b5%84%e9%87%91%e8%a7%82","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/8735","title":{"rendered":"Ph\u00e1 v\u1ee1 \u1ea3o t\u01b0\u1edfng v\u1ec1 k\u1ebf to\u00e1n tinh th\u1ea7n v\u00e0 \u0111\u1ecbnh h\u00ecnh l\u1ea1i quan \u0111i\u1ec3m v\u1ec1 qu\u1ef9 giao d\u1ecbch"},"content":{"rendered":"

Trong tr\u00f2 ch\u01a1i giao d\u1ecbch t\u00e0i ch\u00ednh ph\u1ee9c t\u1ea1p, ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt v\u00e0 tin t\u1ee9c th\u1ecb tr\u01b0\u1eddng th\u01b0\u1eddng ch\u1ec9 l\u00e0 m\u1ed9t m\u1eb7t c\u1ee7a \u0111\u1ed3ng ti\u1ec1n, trong khi m\u1eb7t kia c\u1ee7a \u0111\u1ed3ng xu - c\u1ea5u tr\u00fac t\u00e2m l\u00fd c\u1ee7a nh\u00e0 giao d\u1ecbch, quy\u1ebft \u0111\u1ecbnh \u0111\u00edch \u0111\u1ebfn cu\u1ed1i c\u00f9ng c\u1ee7a ti\u1ec1n. Wmax Nghi\u00ean c\u1ee9u t\u00e0i ch\u00ednh h\u00e0nh vi \u0111\u00e3 ph\u00e1t hi\u1ec7n ra r\u1eb1ng ph\u1ea7n l\u1edbn t\u1ed5n th\u1ea5t c\u1ee7a c\u00e1c nh\u00e0 giao d\u1ecbch kh\u00f4ng ph\u1ea3i do l\u1ed7i k\u1ef9 thu\u1eadt m\u00e0 do s\u1ef1 hi\u1ec3u sai l\u1ec7ch trong hi\u1ec3u bi\u1ebft c\u1ee7a h\u1ecd v\u1ec1 qu\u1ef9. Trong s\u1ed1 \u0111\u00f3, hi\u1ec7u \u1ee9ng \u201ck\u1ebf to\u00e1n tinh th\u1ea7n\u201d l\u00e0 m\u1ed9t trong nh\u1eefng th\u00e0nh ki\u1ebfn \u200b\u200bnh\u1eadn th\u1ee9c ti\u1ec1m \u1ea9n v\u00e0 c\u00f3 h\u1ea1i nh\u1ea5t. L\u00fd thuy\u1ebft n\u00e0y, do ng\u01b0\u1eddi \u0111o\u1ea1t gi\u1ea3i Nobel Richard Thaler \u0111\u1ec1 xu\u1ea5t, ti\u1ebft l\u1ed9 c\u00e1ch m\u1ecdi ng\u01b0\u1eddi ph\u00e2n lo\u1ea1i, m\u00e3 h\u00f3a v\u00e0 l\u1eadp ng\u00e2n s\u00e1ch ti\u1ec1n b\u1ea1c m\u1ed9t c\u00e1ch ch\u1ee7 quan trong t\u00e2m tr\u00ed h\u1ecd.<\/p>\n

Trong h\u1ec7 sinh th\u00e1i giao d\u1ecbch Wmax, ch\u00fang t\u00f4i nh\u1eadn th\u1ea5y r\u1eb1ng ng\u01b0\u1eddi d\u00f9ng th\u01b0\u1eddng chia ti\u1ec1n th\u00e0nh \u201cg\u1ed1c\u201d v\u00e0 \u201cl\u1ee3i nhu\u1eadn\u201d, \u201cchi ph\u00ed sinh ho\u1ea1t\u201d v\u00e0 \u201cti\u1ec1n d\u1ef1 ph\u00f2ng\u201d. S\u1ef1 ph\u00e2n chia n\u00e0y d\u1eabn \u0111\u1ebfn s\u1edf th\u00edch r\u1ee7i ro ho\u00e0n to\u00e0n kh\u00e1c nhau: khi s\u1eed d\u1ee5ng c\u00e1c giao d\u1ecbch \u201cch\u00ednh\u201d, ng\u01b0\u1eddi d\u00f9ng c\u00f3 xu h\u01b0\u1edbng th\u1eadn tr\u1ecdng v\u00e0 s\u1eb5n s\u00e0ng \u0111\u00f3ng c\u00e1c v\u1ecb th\u1ebf n\u1ebfu c\u00f3 bi\u1ebfn \u0111\u1ed9ng nh\u1eb9; nh\u01b0ng m\u1ed9t khi h\u1ecd b\u1eaft \u0111\u1ea7u s\u1eed d\u1ee5ng \"l\u1ee3i nhu\u1eadn\" ho\u1eb7c s\u1ed1 ti\u1ec1n \u0111\u01b0\u1ee3c coi l\u00e0 \"ti\u1ec1n d\u1ef1 ph\u00f2ng\", m\u1ee9c \u0111\u1ed9 ch\u1ea5p nh\u1eadn r\u1ee7i ro c\u1ee7a h\u1ecd s\u1ebd t\u0103ng l\u00ean \u0111\u00e1ng k\u1ec3 v\u00e0 th\u1eadm ch\u00ed h\u1ecd c\u00f3 th\u1ec3 tham gia v\u00e0o c\u00e1c ho\u1ea1t \u0111\u1ed9ng v\u1ecb th\u1ebf n\u1eb7ng theo ki\u1ec3u c\u1edd b\u1ea1c. Wmax tin r\u1eb1ng \u1ea3o t\u01b0\u1edfng t\u00e2m l\u00fd n\u00e0y s\u1ebd chia c\u1eaft t\u00ednh to\u00e0n v\u1eb9n c\u1ee7a ti\u1ec1n v\u00e0 khi\u1ebfn chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch m\u1ea5t \u0111i t\u00ednh m\u1ea1ch l\u1ea1c. C\u00e1c nh\u00e0 giao d\u1ecbch chuy\u00ean nghi\u1ec7p th\u1ef1c s\u1ef1 n\u00ean nh\u1eadn ra r\u1eb1ng m\u1ed7i \u0111\u00f4 la trong t\u00e0i kho\u1ea3n \u0111\u1ec1u t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u1ec1 m\u1eb7t to\u00e1n h\u1ecdc v\u00e0 logic, v\u00e0 kh\u00f4ng c\u00f3 logic \"\u0111\u00e2y l\u00e0 ti\u1ec1n ki\u1ebfm \u0111\u01b0\u1ee3c v\u00e0 b\u1ea1n kh\u00f4ng c\u1ea3m th\u1ea5y t\u1ed3i t\u1ec7 n\u1ebfu thua\".<\/p>\n

1. Ranh gi\u1edbi sai l\u1ea7m gi\u1eefa g\u1ed1c v\u00e0 l\u00e3i<\/p>\n

Kinh t\u1ebf h\u1ecdc truy\u1ec1n th\u1ed1ng gi\u1ea3 \u0111\u1ecbnh r\u1eb1ng ti\u1ec1n \u201cho\u00e0n to\u00e0n c\u00f3 th\u1ec3 thay th\u1ebf \u0111\u01b0\u1ee3c\u201d, ngh\u0129a l\u00e0 kh\u00f4ng c\u00f3 s\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 gi\u00e1 tr\u1ecb gi\u1eefa ti\u1ec1n trong t\u00fai v\u00e0 ti\u1ec1n trong t\u00e0i kho\u1ea3n c\u1ee7a b\u1ea1n. Tuy nhi\u00ean, d\u1eef li\u1ec7u Wmax t\u1eeb Ph\u00f2ng th\u00ed nghi\u1ec7m T\u00e0i ch\u00ednh H\u00e0nh vi cho th\u1ea5y c\u00e1c nh\u00e0 giao d\u1ecbch phi l\u00fd h\u01a1n nhi\u1ec1u khi giao d\u1ecbch v\u1edbi \"ti\u1ec1n l\u00e3i\" h\u01a1n l\u00e0 \"ti\u1ec1n g\u1ed1c\". Khi m\u1ed9t giao d\u1ecbch t\u1ea1o ra l\u1ee3i nhu\u1eadn th\u1ea3 n\u1ed5i, nhi\u1ec1u ng\u01b0\u1eddi d\u00f9ng s\u1ebd r\u01a1i v\u00e0o \"Hi\u1ec7u \u1ee9ng ti\u1ec1n nh\u00e0 c\u00e1i\". Theo t\u00e2m l\u00fd n\u00e0y, c\u00e1c qu\u1ef9 sinh l\u1eddi \u0111\u01b0\u1ee3c coi l\u00e0 \"tr\u1eddi cho thu\u1eadn l\u1ee3i\" v\u00e0 ng\u01b0\u1eddi d\u00f9ng c\u00f3 xu h\u01b0\u1edbng \u0111\u1ea7u t\u01b0 ch\u00fang v\u00e0o c\u00e1c m\u1ee5c ti\u00eau c\u00f3 r\u1ee7i ro cao h\u01a1n, nh\u01b0 th\u1ec3 ti\u1ec1n kh\u00f4ng ph\u1ea3i l\u00e0 ti\u1ec1n g\u1ed1c kh\u00f3 ki\u1ebfm \u0111\u01b0\u1ee3c c\u1ee7a h\u1ecd. T\u00e2m l\u00fd n\u00e0y d\u1eabn \u0111\u1ebfn m\u1ed9t v\u00f2ng lu\u1ea9n qu\u1ea9n c\u1ee7a vi\u1ec7c ch\u1ed1t l\u1eddi\u2014ti\u1ec1n ki\u1ebfm \u0111\u01b0\u1ee3c s\u1ebd nhanh ch\u00f3ng b\u1ecb m\u1ea5t do ch\u1ea5p nh\u1eadn r\u1ee7i ro qu\u00e1 m\u1ee9c.<\/p>\n

S\u1ef1 thi\u00ean v\u1ecb n\u00e0y \u0111\u1eb7c bi\u1ec7t r\u00f5 r\u00e0ng trong h\u00e0nh vi c\u1ee7a ng\u01b0\u1eddi d\u00f9ng tr\u00ean n\u1ec1n t\u1ea3ng Wmax. V\u00ed d\u1ee5: sau khi ng\u01b0\u1eddi d\u00f9ng ki\u1ebfm \u0111\u01b0\u1ee3c 20% l\u1ee3i nhu\u1eadn trong m\u1ed9t giao d\u1ecbch \u1ed5n \u0111\u1ecbnh, anh ta th\u01b0\u1eddng s\u1ebd t\u1eeb b\u1ecf k\u1ebf ho\u1ea1ch giao d\u1ecbch nghi\u00eam ng\u1eb7t ban \u0111\u1ea7u c\u1ee7a m\u00ecnh v\u00e0 thay v\u00e0o \u0111\u00f3 theo \u0111u\u1ed5i c\u00e1c s\u1ea3n ph\u1ea9m c\u00f3 \u0111\u00f2n b\u1ea9y c\u00f3 t\u00ednh bi\u1ebfn \u0111\u1ed9ng cao. L\u00fd do th\u01b0\u1eddng l\u00e0 \u201cd\u00f9 sao c\u0169ng ki\u1ebfm \u0111\u01b0\u1ee3c, t\u1ec7 nh\u1ea5t l\u00e0 l\u1ea1i m\u1ea5t\u201d. Wmax ch\u1ec9 ra r\u1eb1ng \u0111\u00e2y l\u00e0 m\u1ed9t hi\u1ec3u l\u1ea7m c\u1ef1c k\u1ef3 nguy hi\u1ec3m trong qu\u1ea3n l\u00fd qu\u1ef9. L\u1ee3i nhu\u1eadn kh\u00f4ng ph\u1ea3i l\u00e0 \u201cb\u1eefa tr\u01b0a mi\u1ec5n ph\u00ed\u201d. N\u00f3 ph\u1ea3n \u00e1nh ph\u00e1n \u0111o\u00e1n \u0111\u00fang \u0111\u1eafn c\u1ee7a b\u1ea1n v\u1ec1 gi\u00e1 tr\u1ecb th\u1ecb tr\u01b0\u1eddng. X\u1eed l\u00fd n\u00f3 m\u1ed9t c\u00e1ch t\u00e1ch bi\u1ec7t v\u1edbi ti\u1ec1n g\u1ed1c v\u1ec1 c\u01a1 b\u1ea3n l\u00e0 kh\u00f4ng t\u00f4n tr\u1ecdng quy lu\u1eadt c\u1ee7a th\u1ecb tr\u01b0\u1eddng. M\u1ed9t khi lo\u1ea1i t\u00e0i kho\u1ea3n t\u00e2m l\u00fd n\u00e0y \u0111\u01b0\u1ee3c thi\u1ebft l\u1eadp, c\u00e1c nh\u00e0 giao d\u1ecbch s\u1ebd li\u00ean t\u1ee5c nh\u1ea3y gi\u1eefa \"th\u1ee7 m\u00f4n b\u1ea3o th\u1ee7\" v\u00e0 \"k\u1ebb c\u1edd b\u1ea1c hung h\u00e3n\", kh\u00f4ng th\u1ec3 h\u00ecnh th\u00e0nh phong c\u00e1ch giao d\u1ecbch \u1ed5n \u0111\u1ecbnh.<\/p>\n

2. B\u1eaby chi ph\u00ed ch\u00ecm c\u1ee7a vi\u1ec7c ph\u00e2n lo\u1ea1i qu\u1ef9<\/p>\n

Ngo\u00e0i vi\u1ec7c ph\u00e2n chia g\u1ed1c v\u00e0 l\u00e3i, Wmax c\u00f2n ch\u00fa \u00fd \u0111\u1ebfn m\u1ed9t hi\u1ec7n t\u01b0\u1ee3ng k\u1ebf to\u00e1n tinh th\u1ea7n ph\u1ed5 bi\u1ebfn kh\u00e1c - s\u1ef1 nh\u1ea7m l\u1eabn gi\u1eefa \"chi ph\u00ed ch\u00ecm\" v\u00e0 \"chi ph\u00ed c\u01a1 h\u1ed9i\". Nhi\u1ec1u ng\u01b0\u1eddi d\u00f9ng \u0111\u00e3 quen v\u1edbi vi\u1ec7c kh\u00f3a ti\u1ec1n khi thua l\u1ed7 \u0111\u01a1n gi\u1ea3n v\u00ec \u0111\u00f3 l\u00e0 \"ti\u1ec1n g\u1ed1c\" v\u00e0 \u00e1m \u1ea3nh ch\u1edd \u0111\u1ee3i v\u1ed1n c\u1ee7a h\u1ecd \u0111\u01b0\u1ee3c thu h\u1ed3i. \u0110\u1ed3ng th\u1eddi, khi c\u00e1c c\u01a1 h\u1ed9i giao d\u1ecbch m\u1edbi, ti\u1ec1m n\u0103ng h\u01a1n xu\u1ea5t hi\u1ec7n, h\u1ecd kh\u00f4ng th\u1ec3 tham gia v\u00ec \u201cti\u1ec1n g\u1ed1c\u201d c\u1ee7a h\u1ecd b\u1ecb kh\u00f3a, ho\u1eb7c h\u1ecd ch\u1ec9 c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng s\u1ed1 ti\u1ec1n nh\u1ecf \u0111\u01b0\u1ee3c coi l\u00e0 \u201ckh\u00f4ng quan tr\u1ecdng\u201d \u0111\u1ec3 th\u1eed, t\u1eeb \u0111\u00f3 b\u1ecf l\u1ee1 c\u01a1 h\u1ed9i. Vi\u1ec7c qu\u1ea3n l\u00fd c\u1ee9ng nh\u1eafc c\u00e1c t\u00e0i kho\u1ea3n tinh th\u1ea7n n\u00e0y s\u1ebd c\u1eaft gi\u1ea3m t\u00ednh thanh kho\u1ea3n c\u1ee7a qu\u1ef9 m\u1ed9t c\u00e1ch gi\u1ea3 t\u1ea1o.<\/p>\n

Wmax Nh\u00e0 giao d\u1ecbch n\u00ean ti\u1ebfn h\u00e0nh \"thanh l\u00fd t\u00e0i kho\u1ea3n\" k\u1ef9 l\u01b0\u1ee1ng. V\u00e0o cu\u1ed1i m\u1ed7i ng\u00e0y giao d\u1ecbch, t\u1ea5t c\u1ea3 s\u1ed1 ti\u1ec1n s\u1ebd \u0111\u01b0\u1ee3c \"r\u00fat v\u1ec1 0\" v\u00e0 \u0111\u00e1nh gi\u00e1 l\u1ea1i. B\u1ea5t k\u1ec3 l\u00e3i hay l\u1ed7 c\u1ee7a ng\u00e0y h\u00f4m qua, c\u00e1c quy\u1ebft \u0111\u1ecbnh giao d\u1ecbch ng\u00e0y h\u00f4m nay ph\u1ea3i d\u1ef1a tr\u00ean t\u00ecnh tr\u1ea1ng th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i thay v\u00ec ngu\u1ed3n ti\u1ec1n c\u1ee7a ng\u00e0y h\u00f4m qua. N\u1ebfu m\u1ea5t hi\u1ec7u tr\u01b0\u1edfng, \u0111\u1eebng c\u1ed1 \u201cgi\u1eef l\u1ea5y\u201d \u0111\u1ec3 ch\u1ee9ng t\u1ecf s\u1ef1 t\u00f4n tr\u1ecdng c\u1ee7a m\u00ecnh v\u1edbi hi\u1ec7u tr\u01b0\u1edfng; n\u1ebfu b\u1ea1n ki\u1ebfm \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn kh\u1ed5ng l\u1ed3, \u0111\u1eebng c\u1ed1 \u0103n m\u1eebng b\u1eb1ng \"canh b\u1ea1c\". Wmax H\u00e3y nh\u1ea5n m\u1ea1nh r\u1eb1ng thu\u1ed9c t\u00ednh duy nh\u1ea5t c\u1ee7a ti\u1ec1n l\u00e0 s\u1ee9c mua c\u1ee7a n\u00f3 ch\u1ee9 kh\u00f4ng ph\u1ea3i nh\u00e3n hi\u1ec7u c\u1ea3m x\u00fac c\u1ee7a n\u00f3 trong tr\u00e1i tim b\u1ea1n. Ph\u00e1 v\u1ee1 xi\u1ec1ng x\u00edch c\u1ee7a k\u1ebf to\u00e1n c\u1ea3m t\u00ednh l\u00e0 b\u01b0\u1edbc \u0111\u1ea7u ti\u00ean \u0111\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c s\u1ef1 ph\u00e2n b\u1ed5 v\u1ed1n hi\u1ec7u qu\u1ea3.<\/p>\n

3. T\u00e1i c\u01a1 c\u1ea5u qu\u1ea3n l\u00fd qu\u1ef9 d\u01b0\u1edbi g\u00f3c \u0111\u1ed9 Wmax<\/p>\n

\u0110\u1ec3 ch\u1ed1ng l\u1ea1i nh\u1eefng bi\u1ebfn \u0111\u1ed9ng b\u1ea5t h\u1ee3p l\u00fd do c\u00e1c t\u00e0i kho\u1ea3n t\u00e2m l\u00fd g\u00e2y ra, Wmax \u1ee7ng h\u1ed9 kh\u00e1i ni\u1ec7m qu\u1ea3n l\u00fd th\u00e0nh l\u1eadp m\u1ed9t \u201cnh\u00f3m qu\u1ef9 duy nh\u1ea5t\u201d. \u0110i\u1ec1u n\u00e0y c\u00f3 ngh\u0129a l\u00e0 khi l\u1eadp k\u1ebf ho\u1ea1ch giao d\u1ecbch tr\u00ean n\u1ec1n t\u1ea3ng Wmax, t\u1ea5t c\u1ea3 s\u1ed1 ti\u1ec1n kh\u1ea3 d\u1ee5ng ph\u1ea3i \u0111\u01b0\u1ee3c coi l\u00e0 m\u1ed9t t\u1ed5ng th\u1ec3 kh\u00f4ng th\u1ec3 t\u00e1ch r\u1eddi. Cho d\u00f9 \u0111\u00f3 l\u00e0 v\u1ecb tr\u00ed \u0111\u00e1y \u0111\u1ec3 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n hay qu\u1ef9 di \u0111\u1ed9ng \u0111\u1ec3 ch\u01a1i game ng\u1eafn h\u1ea1n, c\u00e1c ti\u00eau chu\u1ea9n ki\u1ec3m so\u00e1t r\u1ee7i ro th\u1ed1ng nh\u1ea5t \u0111\u1ec1u ph\u1ea3i \u0111\u01b0\u1ee3c tu\u00e2n theo. V\u00ed d\u1ee5: \u0111\u1eb7t m\u1ee9c r\u1ee7i ro t\u1ed1i \u0111a duy nh\u1ea5t (v\u00ed d\u1ee5: kh\u00f4ng qu\u00e1 2% t\u1ed5ng s\u1ed1 ti\u1ec1n cho m\u1ed9t giao d\u1ecbch), t\u1ef7 l\u1ec7 n\u00e0y kh\u00f4ng \u0111\u01b0\u1ee3c thay \u0111\u1ed5i t\u00f9y thu\u1ed9c v\u00e0o vi\u1ec7c ti\u1ec1n l\u00e0 \"l\u1ee3i nhu\u1eadn\" hay \"g\u1ed1c\".<\/p>\n

Ngo\u00e0i ra, Wmax \u0111\u00e3 \u0111\u01b0a ra chi\u1ebfn l\u01b0\u1ee3c \"c\u1ee9ng r\u1eafn h\u00f3a r\u00e0ng bu\u1ed9c ng\u00e2n s\u00e1ch\". Trong k\u1ebf to\u00e1n tinh th\u1ea7n truy\u1ec1n th\u1ed1ng, m\u1ecdi ng\u01b0\u1eddi c\u00f3 xu h\u01b0\u1edbng \u0111\u1eb7t ra c\u00e1c ng\u00e2n s\u00e1ch kh\u00e1c nhau cho c\u00e1c qu\u1ef9 kh\u00e1c nhau. V\u00ed d\u1ee5: n\u1ebfu \"ng\u00e2n s\u00e1ch gi\u1ea3i tr\u00ed\" b\u1ecb b\u1ed9i chi, n\u00f3 s\u1ebd b\u1ecb chuy\u1ec3n kh\u1ecfi \"ng\u00e2n s\u00e1ch ti\u1ebft ki\u1ec7m\". Trong giao d\u1ecbch, \u0111i\u1ec1u n\u00e0y th\u1ec3 hi\u1ec7n nh\u01b0 m\u1ed9t l\u1ec7nh g\u1ecdi k\u00fd qu\u1ef9 \u0111\u1ec3 gi\u1eef th\u1ec3 di\u1ec7n sau khi thua l\u1ed7. Wmax ch\u1ee7 tr\u01b0\u01a1ng r\u1eb1ng ph\u1ea3i thi\u1ebft l\u1eadp k\u1ef7 lu\u1eadt ng\u00e2n s\u00e1ch tuy\u1ec7t \u0111\u1ed1i: m\u1ed9t khi gi\u1edbi h\u1ea1n tr\u00ean c\u1ee7a qu\u1ef9 giao d\u1ecbch cho m\u1ed9t giai \u0111o\u1ea1n nh\u1ea5t \u0111\u1ecbnh \u0111\u00e3 \u0111\u01b0\u1ee3c thi\u1ebft l\u1eadp, n\u00f3 kh\u00f4ng th\u1ec3 \u0111\u01b0\u1ee3c thay \u0111\u1ed5i theo \u00fd mu\u1ed1n b\u1ea5t k\u1ec3 c\u00f3 c\u00e1m d\u1ed7 hay c\u00e1m d\u1ed7 n\u00e0o xu\u1ea5t hi\u1ec7n tr\u00ean th\u1ecb tr\u01b0\u1eddng. Ki\u1ec3u qu\u1ea3n l\u00fd ng\u00e2n s\u00e1ch c\u1ee9ng nh\u1eafc n\u00e0y c\u00f3 th\u1ec3 ng\u0103n ch\u1eb7n hi\u1ec7u qu\u1ea3 vi\u1ec7c b\u01a1m ti\u1ec1n c\u1ea3m t\u00ednh v\u00e0 \u0111\u1ea3m b\u1ea3o r\u1eb1ng h\u00e0nh vi giao d\u1ecbch lu\u00f4n trong khu\u00f4n kh\u1ed5 h\u1ee3p l\u00fd.<\/p>\n

\"\u7231\u60c5\u4e0e\u91d1\u94b1\"<\/p>\n

4. T\u1eeb \u201cd\u00f9ng ti\u1ec1n cho c\u1ea3m x\u00fac\u201d \u0111\u1ebfn \u201cd\u00f9ng ti\u1ec1n cho quy t\u1eafc\u201d<\/p>\n

\u0110\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c b\u01b0\u1edbc nh\u1ea3y v\u1ecdt t\u1eeb giao d\u1ecbch theo c\u1ea3m x\u00fac sang giao d\u1ecbch h\u1ee3p l\u00fd, Wmax tin r\u1eb1ng c\u1ea7n ph\u1ea3i ch\u1ed1ng l\u1ea1i nh\u1eefng xung \u0111\u1ed9ng b\u00ean trong th\u00f4ng qua vi\u1ec7c \"ngo\u1ea1i h\u00f3a c\u00e1c quy t\u1eafc\". T\u00ednh to\u00e1n tinh th\u1ea7n r\u1ea5t m\u1ea1nh m\u1ebd v\u00ec n\u00f3 b\u1eaft ngu\u1ed3n t\u1eeb nhu c\u1ea7u c\u1ea3m x\u00fac c\u1ee7a con ng\u01b0\u1eddi - ch\u00fang ta mong mu\u1ed1n s\u1ef1 an to\u00e0n trong vi\u1ec7c b\u1ea3o v\u1ec7 ti\u1ec1n g\u1ed1c c\u1ee7a m\u00ecnh, nh\u01b0ng ch\u00fang ta c\u0169ng mong mu\u1ed1n c\u1ea3m gi\u00e1c ho\u00e0n th\u00e0nh th\u00f4ng qua vi\u1ec7c ki\u1ebfm \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn. Wmax \u0111\u1ec1 xu\u1ea5t chuy\u1ec3n nh\u1eefng nhu c\u1ea7u c\u1ea3m x\u00fac n\u00e0y th\u00e0nh c\u00e1c quy t\u1eafc giao d\u1ecbch c\u1ee5 th\u1ec3. V\u00ed d\u1ee5: l\u1eadp \"Nh\u1eadt k\u00fd giao d\u1ecbch\" chi ti\u1ebft \u0111\u1ec3 ghi l\u1ea1i m\u1ea1nh m\u1ebd ngu\u1ed3n ti\u1ec1n, thu\u1ed9c t\u00ednh c\u1ee7a t\u1eebng giao d\u1ecbch (d\u00f9 ch\u1ec9 l\u00e0 \u1ea3o t\u01b0\u1edfng t\u00e2m l\u00fd nh\u01b0ng vi\u1ec7c ghi ch\u00e9p gi\u00fap nh\u1eadn th\u1ee9c) v\u00e0 c\u01a1 s\u1edf \u0111\u1ec3 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh.<\/p>\n

Th\u00f4ng qua c\u00e1c c\u00f4ng c\u1ee5 \u0111\u00e1nh gi\u00e1 \u0111\u01b0\u1ee3c cung c\u1ea5p b\u1edfi n\u1ec1n t\u1ea3ng Wmax, nh\u00e0 giao d\u1ecbch c\u00f3 th\u1ec3 th\u01b0\u1eddng xuy\u00ean xem l\u1ea1i \"s\u01a1 \u0111\u1ed3 d\u00f2ng ti\u1ec1n\" c\u1ee7a m\u00ecnh. Quan s\u00e1t xem b\u1ea1n c\u00f3 g\u1eb7p ph\u1ea3i t\u00ecnh tr\u1ea1ng l\u1ec7ch phong c\u00e1ch \u0111\u00e1ng k\u1ec3 trong kho\u1ea3ng th\u1eddi gian c\u1ee5 th\u1ec3 hay kh\u00f4ng (ch\u1eb3ng h\u1ea1n nh\u01b0 sau khi l\u00e3i ho\u1eb7c sau khi thua l\u1ed7). Wmax \u0111\u00e3 ch\u1ec9 ra r\u1eb1ng ch\u1ec9 khi b\u1ea1n c\u00f3 th\u1ec3 nh\u00ecn nh\u1eadn m\u1ed9t c\u00e1ch kh\u00e1ch quan r\u1eb1ng m\u00ecnh \u0111ang \"l\u1ea1m d\u1ee5ng\" ti\u1ec1n nh\u01b0 th\u1ebf n\u00e0o th\u00ec b\u1ea1n m\u1edbi th\u1ef1c s\u1ef1 b\u1eaft \u0111\u1ea7u \"x\u1eed l\u00fd\" t\u1ed1t ti\u1ec1n. Trao quy\u1ec1n s\u1eed d\u1ee5ng ti\u1ec1n ho\u00e0n to\u00e0n theo quy \u0111\u1ecbnh, thay v\u00ec theo t\u00e2m tr\u1ea1ng hi\u1ec7n t\u1ea1i, l\u00e0 b\u01b0\u1edbc ngo\u1eb7t gi\u1eefa c\u00e1c nh\u00e0 giao d\u1ecbch chuy\u00ean nghi\u1ec7p v\u00e0 c\u00e1c nh\u00e0 giao d\u1ecbch nghi\u1ec7p d\u01b0.<\/p>\n

5. Wmax L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 trao quy\u1ec1n ph\u00e2n b\u1ed5 v\u1ed1n h\u1ee3p l\u00fd?<\/p>\n

Wmax kh\u00f4ng ch\u1ec9 l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 giao d\u1ecbch m\u00e0 c\u00f2n l\u00e0 m\u1ed9t h\u1ec7 th\u1ed1ng s\u1eeda \u0111\u1ed5i h\u00e0nh vi. \u0110\u1ec3 gi\u00fap ng\u01b0\u1eddi d\u00f9ng v\u01b0\u1ee3t qua \u0111\u1ecbnh ki\u1ebfn \u200b\u200bv\u1ec1 t\u00ednh to\u00e1n c\u1ea3m t\u00ednh, Wmax \u0111\u00e3 k\u1ebft h\u1ee3p m\u1ed9t s\u1ed1 t\u00ednh n\u0103ng ph\u1ea3n tr\u1ef1c gi\u00e1c v\u00e0o thi\u1ebft k\u1ebf s\u1ea3n ph\u1ea9m. V\u00ed d\u1ee5: ch\u1ee9c n\u0103ng \"C\u00e1ch ly ch\u1ebf \u0111\u1ed9 xem qu\u1ef9\" cho ph\u00e9p ng\u01b0\u1eddi d\u00f9ng ch\u1ecdn \u1ea9n s\u1ed1 li\u1ec7u l\u00e3i l\u1ed7 c\u1ee5 th\u1ec3 khi xem t\u00e0i kho\u1ea3n c\u1ee7a h\u1ecd v\u00e0 ch\u1ec9 hi\u1ec3n th\u1ecb t\u1ef7 l\u1ec7 k\u00fd qu\u1ef9 kh\u1ea3 d\u1ee5ng hi\u1ec7n t\u1ea1i. Thi\u1ebft k\u1ebf n\u00e0y nh\u1eb1m m\u1ee5c \u0111\u00edch c\u1eaft \u0111\u1ee9t m\u1ed1i li\u00ean h\u1ec7 tr\u1ef1c ti\u1ebfp gi\u1eefa ti\u1ec1n v\u00e0 c\u1ea3m x\u00fac, cho ph\u00e9p ng\u01b0\u1eddi d\u00f9ng t\u1eadp trung v\u00e0o \u201ct\u00f4i c\u00f2n l\u1ea1i bao nhi\u00eau vi\u00ean \u0111\u1ea1n\u201d thay v\u00ec \u201ct\u00f4i l\u00e3i hay l\u1ed7?\u201d<\/p>\n

\u0110\u1ed3ng th\u1eddi, Wmax cung c\u1ea5p \u201cma tr\u1eadn ki\u1ec3m so\u00e1t r\u1ee7i ro t\u1ef1 \u0111\u1ed9ng\u201d. Ng\u01b0\u1eddi d\u00f9ng c\u00f3 th\u1ec3 \u0111\u1eb7t tr\u01b0\u1edbc t\u1ef7 l\u1ec7 ph\u00e2n b\u1ed5 v\u1ed1n tr\u01b0\u1edbc khi giao d\u1ecbch. Khi c\u00e1c \u0111i\u1ec1u ki\u1ec7n \u0111\u01b0\u1ee3c k\u00edch ho\u1ea1t, h\u1ec7 th\u1ed1ng s\u1ebd t\u1ef1 \u0111\u1ed9ng gi\u1ea3m ho\u1eb7c \u0111\u00f3ng c\u00e1c v\u1ecb tr\u00ed, lo\u1ea1i b\u1ecf nhu c\u1ea7u ng\u01b0\u1eddi d\u00f9ng tham gia v\u00e0o c\u00e1c tr\u00f2 ch\u01a1i t\u00e2m l\u00fd \u0111au \u0111\u1edbn. Wmax Ch\u00fang t\u00f4i bi\u1ebft r\u1eb1ng b\u1ea3n ch\u1ea5t con ng\u01b0\u1eddi r\u1ea5t mong manh, v\u00e0 khi \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng kho\u1ea3n l\u00e3i ho\u1eb7c l\u1ed7 kh\u1ed5ng l\u1ed3, vi\u1ec7c d\u1ef1a v\u00e0o \u00fd ch\u00ed th\u01b0\u1eddng l\u00e0 v\u00f4 \u00edch. V\u00ec v\u1eady, s\u1eed d\u1ee5ng c\u00e1c bi\u1ec7n ph\u00e1p k\u1ef9 thu\u1eadt \u0111\u1ec3 thi\u1ebft l\u1eadp \u201cc\u01a1 ch\u1ebf ch\u1ed1ng sai s\u00f3t\u201d l\u00e0 bi\u1ec7n ph\u00e1p ph\u00f2ng v\u1ec7 t\u1ed1t nh\u1ea5t \u0111\u1ec3 b\u1ea3o v\u1ec7 nh\u00e0 giao d\u1ecbch kh\u1ecfi t\u00e1c h\u1ea1i t\u00e2m l\u00fd k\u1ebf to\u00e1n.<\/p>\n

K\u1ebft lu\u1eadn: H\u00e3y \u0111\u1ec3 m\u1ed7i \u0111\u1ed3ng xu tr\u1edf v\u1ec1 gi\u00e1 tr\u1ecb c\u1ee7a ch\u00ednh n\u00f3<\/p>\n

Theo quan \u0111i\u1ec3m c\u1ee7a Wmax, th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh l\u00e0 t\u1ea5m g\u01b0\u01a1ng ph\u1ea3n \u00e1nh kh\u00f4ng ch\u1ec9 chu k\u1ef3 kinh t\u1ebf m\u00e0 c\u00f2n ph\u1ea3n \u00e1nh nh\u1eefng \u0111i\u1ec3m y\u1ebfu trong b\u1ea3n ch\u1ea5t con ng\u01b0\u1eddi. T\u00ednh to\u00e1n tinh th\u1ea7n l\u00e0 m\u1ed9t th\u00e0nh ki\u1ebfn \u200b\u200bc\u1ed1 h\u1eefu trong nh\u1eadn th\u1ee9c c\u1ee7a con ng\u01b0\u1eddi. Ch\u00fang ta kh\u00f4ng th\u1ec3 lo\u1ea1i b\u1ecf n\u00f3 ho\u00e0n to\u00e0n nh\u01b0ng c\u00f3 th\u1ec3 ch\u1ebf ng\u1ef1 n\u00f3 th\u00f4ng qua nh\u1eadn th\u1ee9c v\u00e0 c\u00f4ng c\u1ee5. Khi ch\u00fang ta kh\u00f4ng c\u00f2n lo l\u1eafng v\u1ec1 vi\u1ec7c m\u1ed9t s\u1ed1 ti\u1ec1n nh\u1ea5t \u0111\u1ecbnh l\u00e0 \"ki\u1ebfm \u0111\u01b0\u1ee3c\" hay \"ti\u1ebft ki\u1ec7m\" m\u00e0 t\u1eadp trung v\u00e0o c\u00e1ch t\u1ed1i \u0111a h\u00f3a hi\u1ec7u qu\u1ea3 c\u1ee7a t\u1eebng s\u1ed1 ti\u1ec1n th\u00f4ng qua c\u00e1c chi\u1ebfn l\u01b0\u1ee3c khoa h\u1ecdc, ch\u00fang ta m\u1edbi c\u00f3 th\u1ec3 th\u1ef1c s\u1ef1 n\u1eafm b\u1eaft \u0111\u01b0\u1ee3c \u00fd ngh\u0129a th\u1ef1c s\u1ef1 c\u1ee7a giao d\u1ecbch.<\/p>\n

Wmax Ch\u00fang t\u00f4i lu\u00f4n cam k\u1ebft cung c\u1ea5p cho ng\u01b0\u1eddi d\u00f9ng m\u1ed9t m\u00f4i tr\u01b0\u1eddng giao d\u1ecbch minh b\u1ea1ch, c\u00f4ng b\u1eb1ng v\u00e0 h\u1ee3p l\u00fd. Ch\u00fang t\u00f4i hy v\u1ecdng c\u00f3 th\u1ec3 gi\u00fap m\u1ecdi ng\u01b0\u1eddi d\u00f9ng x\u00e2y d\u1ef1ng \"h\u00e0o h\u00e0o qu\u1ef9\" c\u1ee7a ri\u00eang m\u00ecnh th\u00f4ng qua vi\u1ec7c ph\u1ed5 bi\u1ebfn t\u00e0i ch\u00ednh h\u00e0nh vi. H\u00e3y nh\u1edb r\u1eb1ng, trong th\u1ebf gi\u1edbi Wmax, kh\u00f4ng c\u00f3 th\u1ee9 g\u1ecdi l\u00e0 \"ti\u1ec1n may m\u1eafn\" hay \"ti\u1ec1n xui x\u1ebbo\", ch\u1ec9 c\u00f3 ti\u1ec1n \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u00fang c\u00e1ch ho\u1eb7c phung ph\u00ed kh\u00f4ng \u0111\u00fang c\u00e1ch. T\u00f4i hy v\u1ecdng r\u1eb1ng trong h\u00e0nh tr\u00ecnh giao d\u1ecbch t\u01b0\u01a1ng lai c\u1ee7a m\u00ecnh, b\u1ea1n c\u00f3 th\u1ec3 ph\u00e1 v\u1ee1 r\u00e0o c\u1ea3n t\u00e2m l\u00fd v\u00e0 \u0111\u1ec3 ti\u1ec1n ch\u1ea3y l\u00ean m\u1ee9c gi\u00e1 tr\u1ecb cao m\u00e0 n\u00f3 x\u1ee9ng \u0111\u00e1ng c\u00f3 \u0111\u01b0\u1ee3c d\u01b0\u1edbi s\u1ef1 h\u01b0\u1edbng d\u1eabn c\u1ee7a l\u00fd tr\u00ed.<\/p>","protected":false},"excerpt":{"rendered":"

Wmax Th\u1ea3o lu\u1eadn v\u1ec1 t\u00e1c \u0111\u1ed9ng c\u1ee7a k\u1ebf to\u00e1n tinh th\u1ea7n trong t\u00e0i ch\u00ednh h\u00e0nh vi v\u00e0 ti\u1ebft l\u1ed9 nh\u1eefng th\u00e0nh ki\u1ebfn \u200b\u200bnh\u1eadn th\u1ee9c do c\u00e1c nh\u00e0 giao d\u1ecbch g\u00e2y ra khi ph\u00e2n bi\u1ec7t gi\u1eefa ti\u1ec1n g\u1ed1c v\u00e0 l\u1ee3i nhu\u1eadn. Th\u00f4ng qua kh\u00e1i ni\u1ec7m nh\u00f3m qu\u1ef9 duy nh\u1ea5t v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 ki\u1ec3m so\u00e1t r\u1ee7i ro t\u1ef1 \u0111\u1ed9ng \u0111\u01b0\u1ee3c Wmax \u1ee7ng h\u1ed9, ch\u00fang t\u00f4i gi\u00fap c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u01b0\u1ee3t qua nh\u1eefng xung l\u1ef1c phi l\u00fd, thi\u1ebft l\u1eadp h\u1ec7 th\u1ed1ng qu\u1ea3n l\u00fd qu\u1ef9 khoa h\u1ecdc v\u00e0 \u0111\u1ea1t \u0111\u01b0\u1ee3c s\u1ef1 t\u0103ng tr\u01b0\u1edfng \u1ed5n \u0111\u1ecbnh v\u00e0 l\u00e2u d\u00e0i c\u1ee7a t\u00e0i kho\u1ea3n giao d\u1ecbch.<\/p>","protected":false},"author":1,"featured_media":8736,"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":[120],"tags":[343,374,583],"class_list":["post-8735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-solutions","tag-343","tag-374","tag-583"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8735","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=8735"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8735\/revisions"}],"predecessor-version":[{"id":8738,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8735\/revisions\/8738"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/8736"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=8735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=8735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=8735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}