{"id":115406,"date":"2019-02-04T20:14:19","date_gmt":"2019-02-04T12:14:19","guid":{"rendered":"https:\/\/www.lixiangluntan.com\/115406.html"},"modified":"2019-02-04T20:14:19","modified_gmt":"2019-02-04T12:14:19","slug":"%e6%9d%83%e8%af%81%e7%9a%84%e5%ae%9a%e4%bb%b7%e6%8c%87%e6%a0%87-%e5%af%b9%e5%86%b2%e5%80%bc_%e6%ba%90%e7%a0%81%e4%ba%a4%e6%b5%81","status":"publish","type":"post","link":"https:\/\/www.lixiangluntan.com\/?p=115406","title":{"rendered":"\u6743\u8bc1\u7684\u5b9a\u4ef7\u6307\u6807\u2014\u2014\u5bf9\u51b2\u503c_\u6e90\u7801\u4ea4\u6d41"},"content":{"rendered":"<blockquote style=\"font-size:15px;background-color: #F5F5F5;border:none;padding: 5px;margin:15px;line-height: 1.6;text-indent: 2em;\">\n<p style=\"margin-bottom:5px;\">\u6743\u8bc1\u5982\u4f55\u7ed3\u7b97\uff1f<\/p>\n<p>\u6743\u8bc1\u5982\u4f55\u7ed3\u7b97\uff1f<\/p>\n<\/blockquote>\n<blockquote style=\"font-size:15px;background-color: #F5F5F5;border:none;padding: 5px;margin:15px;line-height: 1.6;text-indent: 2em;\">\n<p style=\"margin-bottom:5px;\">\u3010\u80a1\u7968\u8d44\u6e90\u9986\u3011\u4e1c\u65b9\u8d22\u5bccL2\u51b3\u7b56\u7834\u89e3\u7248,\u4e1c\u65b9\u8d22\u5bcc\u7f51,\u4e1c\u65b9\u8d22\u5bcc\u6295\u8d44\u5927\u5e08\u7834\u89e3\u7248,\u4e1c\u65b9\u8d22\u5bcc\u5148\u950b\u7248\u7834\u89e3,\u4e1c\u65b9\u8d22\u5bcc\u9886\u822a\u7248\u7834\u89e3,\u540c\u82b1\u987a\u8fdc\u822a\u7248\u7834\u89e3,\u540c\u82b1\u987a\u8d22\u5bcc\u5148\u950b\u7834\u89e3,\u540c\u82b1\u987aL2\u7834\u89e3\u3002<\/p>\n<\/blockquote>\n<p><img decoding=\"async\" src=\"http:\/\/wmj.lixiangluntan.com\/2020\/9\/jMZ3e2.png\" class=\"aligncenter\"> <\/p>\n<p>\u4e00\u3001\u5bf9\u51b2\u503c\u7684\u542b\u4e49\uff1a<\/p>\n<p>\u3000\u30001\u3001\u5bf9\u51b2\u503c\u7684\u4e3b\u8981\u4f5c\u7528\u662f\u8861\u91cf\u6807\u7684\u80a1\u7968\u4ef7\u683c\u7684\u53d8\u52a8\u5bf9\u6743\u8bc1\u4ef7\u683c\u53d8\u52a8\u7684\u5f71\u54cd\u7a0b\u5ea6\uff0c\u6216\u8005\u7b80\u5355\u7684\u8bf4\uff0c\u6b63\u80a1\u4ef7\u683c\u53d8\u52a81\u5143\uff0c\u8ba4\u80a1\u6743\u8bc1\u4ef7\u683c\u4f1a\u53d8\u52a8\u591a\u5c11\uff1f\u5bf9\u51b2\u503c\u4e3a\u6b63\u6570\u8868\u793a\u8ba4\u8d2d\u6743\u8bc1\u4ef7\u683c\u7684\u53d8\u52a8\u65b9\u5411\u548c\u6807\u7684\u80a1\u7968\u7684\u53d8\u52a8\u65b9\u5411\u76f8\u540c\uff0c\u6807\u7684\u80a1\u7968\u4e0a\u6da8\uff0c\u6743\u8bc1\u4ef7\u683c\u4e0a\u6da8\uff0c\u6807\u7684\u80a1\u7968\u4e0b\u8dcc\uff0c\u6743\u8bc1\u4ef7\u683c\u4e0b\u8dcc\uff1b\u5982\u679c\u5bf9\u51b2\u503c\u4e3a\u8d1f\u6570\u8868\u793a\u6743\u8bc1\u4ef7\u683c\u7684\u53d8\u52a8\u65b9\u5411\u548c\u6807\u7684\u80a1\u7968\u7684\u53d8\u52a8\u65b9\u5411\u76f8\u53cd\uff0c\u6807\u7684\u80a1\u7968\u4e0a\u6da8\uff0c\u6743\u8bc1\u4ef7\u683c\u4e0b\u8dcc\uff0c\u6807\u7684\u80a1\u7968\u4e0b\u8dcc\uff0c\u6743\u8bc1\u4ef7\u683c\u4e0a\u6da8\u3002<\/p>\n<p>\u3000\u30002\u3001\u4e00\u822c\u6765\u8bf4\uff0c\u8ba4\u8d2d\u6743\u8bc1\u7684\u5bf9\u51b2\u503c\u7684\u53d8\u52a8\u8303\u56f4\u662f0-1\uff0c\u8ba4\u6cbd\u6743\u8bc1\u5bf9\u51b2\u503c\u7684\u53d8\u52a8\u8303\u56f4\u662f-10\u3002\u8ba4\u8d2d\u6743\u8bc1\u7684\u6807\u7684\u80a1\u7968\u4ef7\u683c\u548c\u6743\u8bc1\u884c\u6743\u4ef7\u683c\u63a5\u8fd1\u65f6\uff0c\u5bf9\u51b2\u503c\u4e00\u822c\u53d6\u503c0.5\u5de6\u53f3\uff1b\u8ba4\u8d2d\u6743\u8bc1\u7684\u6807\u7684\u80a1\u7968\u4ef7\u683c\u8d85\u51fa\u6743\u8bc1\u884c\u6743\u4ef7\u683c\u8d8a\u5927\u65f6\uff0c\u5bf9\u51b2\u503c\u4f1a\u8d8a\u63a5\u8fd11\uff1b\u8ba4\u8d2d\u6743\u8bc1\u7684\u6807\u7684\u80a1\u7968\u4ef7\u683c\u8d8a\u5c0f\u4e8e\u6743\u8bc1\u884c\u6743\u4ef7\u683c\u65f6\uff0c\u5bf9\u51b2\u503c\u8d8a\u63a5\u8fd10\u3002<\/p>\n<p>\u3000\u30003\u3001\u5bf9\u51b2\u503c\u63cf\u8ff0\u4e86\u5230\u671f\u65f6\u6807\u7684\u80a1\u7968\u4ef7\u683c\u5927\u4e8e\u3001\u63a5\u8fd1\u548c\u5c0f\u4e8e\u6743\u8bc1\u884c\u6743\u4ef7\u683c\u7684\u673a\u4f1a\u3002\u5982\u5b9d\u94a2\u6743\u8bc19\u670827\u65e5\u7684\u5bf9\u51b2\u503c\u662f0.6147\uff0c\u5b9d\u94a2\u6743\u8bc1\u7684\u884c\u6743\u4ef7\u683c\u662f 4.50\u5143\uff0c\u90a3\u4e48\u5c31\u662f\u8bf4\u660e\u5b9d\u94a2\u80a1\u7968\u5728\u5230\u671f\u65e52006\u5e748\u670830\u65e5\u7684\u4ef7\u683c\u5927\u4e8e4.50\u5143\u7684\u53ef\u80fd\u6027\u670961.47%\u3002\u518d\u5982\u5982\u679c\u5b9d\u94a2\u6743\u8bc1\u67d0\u65e5\u7684\u5bf9\u51b2\u503c\u662f0.92\uff0c\u90a3\u4e48\u5c31\u662f\u8bf4\u660e\u5b9d\u94a2\u80a1\u7968\u5728\u5230\u671f\u65e52006\u5e748\u670830\u65e5\u7684\u4ef7\u683c\u5927\u4e8e4.50\u5143\u7684\u53ef\u80fd\u6027\u670992%\u3002<\/p>\n<p>\u4e8c\u3001\u5bf9\u51b2\u503c\u8ba1\u7b97\u65b9\u6cd5\u53ca\u5b9e\u4f8b<\/p>\n<p>\u3000\u3000\u5bf9\u51b2\u503c\u7684\u8ba1\u7b97\u516c\u5f0f\u6bd4\u8f83\u590d\u6742\uff0c\u6211\u4eec\u77e5\u9053\u6210\u719f\u5e02\u573a\u4e0aBlack-Scholes\u6a21\u578b\u662f\u4e00\u79cd\u5e7f\u6cdb\u8ba4\u53ef\u7684\u6743\u8bc1\u5b9a\u4ef7\u65b9\u6cd5\u3002\u5176\u5b9a\u4ef7\u516c\u5f0f\u4e3a\uff1a<\/p>\n<p>\u3000\u3000\u5176\u4e2dW = \u6743\u8bc1\u4ef7\u683c\uff1bK = \u884c\u6743\u4ef7\u683c\uff1bT-t = \u6743\u8bc1\u7684\u5269\u4f59\u5e74\u9650\uff1bS0 = \u6807\u7684\u80a1\u7968\u4ef7\u683c(\u6b63\u80a1\u4ef7\u683c)\uff1br = \u65e0\u98ce\u9669\u6536\u76ca\u7387\uff1b\u03c3 = \u6807\u7684\u80a1\u7968\u7684\u5e74\u5316\u6ce2\u52a8\u7387(\u5e94\u4e3a\u80a1\u7968\u548c\u6743\u8bc1\u4ef7\u683c\u4e4b\u548c\u7684\u5e74\u5316\u6ce2\u52a8\u7387)\u3002<\/p>\n<p>\u3000\u3000\u4e0a\u9762\u516c\u5f0f\u4e2d\u7684N(d1)\u5c31\u662f\u6211\u4eec\u6240\u8bf4\u7684\u5bf9\u51b2\u503c\uff0c\u5b83\u7684\u8ba1\u7b97\u6bd4\u8f83\u590d\u6742\uff0c\u9700\u8981\u4e13\u4e1a\u7684\u7814\u7a76\u673a\u6784\u8fdb\u884c\u8ba1\u7b97\uff0c\u5982\u6211\u4eec\u8ba1\u7b97\u5f97\u51fa8\u670823\u65e5\u30018\u670824\u65e5\u30018\u670825\u65e5\u3001 8\u670826\u65e5\u7684\u5bf9\u51b2\u503c\u5206\u522b\u4e3a0.685\u30010.707\u30010.709\u30010.661\u3002(\u53c2\u770b\u6e58\u8d22\u300a\u6bcf\u65e5\u6743\u8bc1\u62a5\u544a\u300b\uff0c\u6bcf\u5929\u516c\u5e03\u76f8\u5173\u7684\u5b9a\u4ef7\u6307\u6807)\u3002<\/p>\n<p>\u3000\u3000\u6709\u6ca1\u6709\u6bd4\u8f83\u7b80\u4fbf\u7684\u8ba1\u7b97\u65b9\u6cd5\u4f9b\u4e00\u822c\u7684\u6295\u8d44\u8005\u4f7f\u7528\u5462\uff1f\u5728\u5b9e\u52a1\u4e2d\u6211\u4eec\u7ecf\u5e38\u91c7\u7528\u5982\u4e0b\u95f4\u7684\u7b97\u6cd5\u4f30\u8ba1\u5bf9\u51b2\u503c\uff1a<\/p>\n<p>\u3000\u3000\u5bf9\u51b2\u503c(\u82f1\u6587\u540d\u79f0\u53ebDelta)= \u8ba4\u8d2d\u6743\u8bc1\u4ef7\u683c\u53d8\u52a8\u503c \u00f7\u6807\u7684\u80a1\u7968\u4ef7\u683c\u53d8\u52a8\u503c\u3002\u6211\u4eec\u6765\u8003\u5bdf\u65b0\u4e0a\u5e02\u7684\u5b9d\u94a2\u6743\u8bc1\uff0c8\u670823\u65e5\u5b9d\u94a2\u80a1\u7968\u7684\u6536\u76d8\u4ef7\u683c\u4e3a4.57\u5143\uff0c23\u65e5\u6536\u76d8\u4ef7\u683c\u4e3a4.63\u5143\uff0c\u56e0\u6b6423\u65e5\u5b9d\u94a2\u80a1\u7968\u7684\u53d8\u52a8\u503c\u7b49\u4e8e4.57 ? 4.63 =-0.06\u5143\uff1b\u5b9d\u94a2\u6743\u8bc123\u65e5\u300122\u65e5\u7684\u6536\u76d8\u4ef7\u683c\u5206\u522b\u662f1.586\u5143\u548c1.263\u5143\uff0c\u5b9d\u94a2\u6743\u8bc1\u4ef7\u683c\u53d8\u52a8\u503c\u7b49\u4e8e1.586 ? 1.263 = 0.323\u5143\uff0c\u5219\u76f8\u5e94\u7684\u5bf9\u51b2\u8fd1\u4f3c\u503c\u4e3a0.323\u00f7(-0.06)=-53.8.\u6211\u4eec\u770b\u5230\u8fd9\u79cd\u8fd1\u4f3c\u7b97\u6cd5\u548c\u7406\u8bba\u7b97\u6cd5\u6709\u4e0d\u5c11\u7684\u8bef\u5dee\uff0c\u6295\u8d44\u8005\u5e94\u8be5\u6ce8\u610f\u7684\u662f\uff0c\u53ea\u6709\u5728\u6bd4\u8f83\u5145\u5206\u7684\u5e02\u573a\u4e2d\u8fd9\u6837\u7684\u8ba1\u7b97\u624d\u6bd4\u8f83\u6709\u4f7f\u7528\u4ef7\u503c\u3002\u76ee\u524d\u5efa\u8bae\u6295\u8d44\u8005\u662f\u7531\u4e13\u4e1a\u673a\u6784\u8ba1\u7b97\u7684\u5bf9\u51b2\u503c\u3002<\/p>\n<p>\u4e09\u3001\u5bf9\u51b2\u503c\u4f7f\u7528\u6280\u5de7<\/p>\n<p>\u3000\u30001\u3001\u5bf9\u51b2\u503c\u662f\u8fdb\u884c\u6743\u8bc1\u77ed\u7ebf\u6295\u8d44\u7684\u6709\u7528\u53c2\u8003\u6307\u6807<\/p>\n<p>\u3000\u3000\u5f53\u6211\u4eec\u53ea\u8003\u86512\u30013\u5929\u65f6\u671f\u7684\u77ed\u7ebf\u6295\u8d44\u65f6\uff0c\u6295\u8d44\u8005\u5982\u679c\u9884\u6d4b\u4e86\u672a\u67652\u30013\u5929\u6807\u7684\u80a1\u7968\u7684\u6da8\u8dcc\u5e45\u5ea6\uff0c\u53ef\u4ee5\u7528\u4e13\u4e1a\u673a\u6784\u8ba1\u7b97\u7684\u5bf9\u51b2\u503c\u4e58\u4ee5\u6807\u7684\u80a1\u7968\u9884\u671f\u7684\u6da8\u8dcc\u5e45\u5ea6\u6765\u5f97\u5230\u76f8\u5e94\u6743\u8bc1\u7684\u9884\u671f\u6da8\u8dcc\u5e45\u5ea6\u3002<\/p>\n<p>\u3000\u3000\u4f8b\u5b50\uff1a\u5047\u8bbe\u5728\u6295\u8d44\u8005\u4e70\u4e86\u5b9d\u94a2\u8ba4\u8d2d\u6743\u8bc1\uff0c\u5b9d\u94a2\u6743\u8bc1\u7684\u5bf9\u51b2\u503c\u662f0.685\uff0c\u73b0\u5728\u8ba4\u8d2d\u6743\u8bc1\u4ef7\u683c1.263\u5143\uff0c\u9884\u8ba1\u8fc7\u4e8c\u5929\uff0c\u5b9d\u94a2\u80a1\u4ef7\u4e0a?0.1\u5143\uff0c\u8ba4\u8d2d\u6743\u8bc1\u5982\u4f55\u6295\u8d44\uff1f\u5047\u5982\u80a1\u4ef7\u4e0b\u8dcc0.6\u5143\uff0c\u6743\u8bc1\u6295\u8d44\u7531\u8be5\u5982\u4f55\u64cd\u4f5c\uff1f\u5982\u679c\u4e8c\u5929\u540e\u80a1\u4ef7\u4e0a\u6da80.1\u5143\uff0c\u90a3\u4e48\u8ba4\u8d2d\u6743\u8bc1\u5927\u7ea6\u4e0a\u6da80.1?0.685(\u5f53\u5929Delta)\uff1d 0.0685\u5143\uff1b\u6295\u8d44\u8005\u4e70\u5356\u6743\u8bc1\u7684\u53c2\u8003\u57fa\u51c6\u662f1.263+0.0685 = 1.332\u5143\uff1b\u5982\u679c\u4e24\u5929\u540e\u80a1\u4ef7\u4e0b\u8dcc\u4e860.05\u5143\uff0c\u90a3\u4e48\u8ba4\u8d2d\u6743\u8bc1\u5927\u6982\u4e0b\u8dcc0.05?0.685 (\u5f53\u5929Delta) \uff1d0.03425\u5143\u3002\u6295\u8d44\u8005\u4e70\u5356\u6743\u8bc1\u7684\u53c2\u8003\u57fa\u51c6\u662f1.263-0.03425 = 1.229\u5143\u3002<\/p>\n<p>\u3000\u3000\u56e0\u6b64\u6295\u8d44\u8005\u53ef\u4ee5\u9884\u4f30\u672a?\u77ed\u77ed\u51e0\u5929\u53ef\u80fd\u7684\u80a1\u4ef7\uff0c\u7136\u540e\u76f4\u63a5\u5229\u7528\u5bf9\u51b2\u503c(delta)?\u7b97\u5728\u67d0\u4e9b\u80a1\u4ef7\u4e0b\u4e70\u5165\u8ba4\u8d2d\u6743\u8bc1\u53ef\u80fd\u7684\u635f\u76ca\u3002<\/p>\n<p>\u3000\u30002\u3001\u901a\u8fc7\u6295\u8d44\u8ba4\u8d2d\u6743\u8bc1\u83b7\u53d6\u548c\u6295\u8d44\u76f8\u5e94\u6807\u7684\u80a1\u7968\u4e00\u6837\u7684\u6536\u76ca<\/p>\n<p>\u3000\u5982\u679c\u6295\u8d44\u8005\u770b\u597d\u5b9d\u94a2\u80a1\u4efd\uff0c\u4f46\u6ca1\u6709\u8db3\u591f\u7684\u8d44\u91d1\uff0c\u53ef\u4ee5\u901a\u8fc7\u5b9d\u94a2\u8ba4\u8d2d\u6743\u8bc1\u4ee5\u8f83\u5c11\u7684\u8d44\u91d1\uff0c\u5229\u7528\u5bf9\u51b2\u503c\u8ba1\u7b97\u5e94\u4e70\u5165\u591a\u5c11\u6570\u91cf\u7684\u5b9d\u94a2\u6743\u8bc1\uff0c\u5df2\u83b7\u5f97\u548c\u6295\u8d44\u5b9d\u94a2\u80a1\u4efd\u7c7b\u4f3c\u7684\u6f5c\u5728\u76c8\u5229\u3002<\/p>\n<p>\u3000\u3000\u4f8b\u5982\u67d0\u6295\u8d44\u8005\u8ba1\u52128\u670830\u65e5\u4e70\u5165100000\u4efd\u5b9d\u94a2\u80a1\u7968\uff0c\u4f46\u6ca1\u6709\u8db3\u591f\u7684\u8d44\u91d1\uff0c\u4ed6\u53ef\u4ee5\u6839\u636e8\u670830\u65e5\u5b9d\u94a2\u6743\u8bc1\u7684\u5bf9\u51b2\u503c0.665\u8ba1\u7b97\u5e94\u8be5\u8d2d\u4e70\u7684\u8ba4\u8d2d\u6743\u8bc1\u4efd\u989d = 100000 \u00f70.665 = 150400 \u4efd\u5b9d\u94a2\u8ba4\u8d2d\u6743\u8bc1\u3002\u6295\u8d44\u8005\u8ba4\u8d2d\u5b9d\u94a2\u80a1\u4efd\u6240\u9700\u8d44\u91d1464000\u5143\uff0c\u4f46\u662f\u76f8\u5e94\u8ba4\u8d2d\u6743\u8bc1\u6295\u8d44\u4ec5\u9700211913\u5143\uff0c\u4f46\u662f\u80fd\u83b7\u5f97\u6295\u8d44\u5b9d\u94a2\u6743\u8bc1\u7c7b\u4f3c\u7684\u6536\u76ca\u3002<\/p>\n<p>\u3000\u30003\u3001\u8fdb\u884c\u8ba4\u8d2d\u6743\u8bc1\u8f6c\u6362\u8ba1\u7b97\u76f8\u5e94\u4efd\u989d\u3000\u3000<\/p>\n<p>\u3000\u3000\u5982\u679c\u6295\u8d44\u8005\u6301\u6709\u7684\u5b9d\u94a2\u6743\u8bc1\u5feb\u8981\u5230\u671f\uff0c\u6216\u8005\u8ba4\u8d2d\u6743\u8bc1\u7684\u80a1\u7968\u4ef7\u683c\u5df2\u7ecf\u5927\u5927\u4f4e\u4e8e\u76f8\u5e94\u6743\u8bc1\u7684\u884c\u6743\u4ef7\u683c\uff0c\u6295\u8d44\u8005\u53ef\u80fd\u6709\u6362\u4ed3\u7684\u9700\u8981\uff0c\u6295\u8d44\u8005\u53ef\u4ee5\u5356\u6389\u624b\u4e2d\u7684\u8ba4\u8d2d\u6743\u8bc1\uff0c\u901a\u8fc7\u5bf9\u51b2\u503c\u8ba1\u7b97\u8981\u4e70\u5165\u65b0\u8ba4\u8d2d\u6743\u8bc1\u7684\u4efd\u6570\u4ee5\u7ef4\u6301\u539f\u6709\u7684\u6f5c\u5728\u76c8\u5229\u3002<\/p>\n<p>\u3000\u30004\u3001\u5bf9\u51b2\u503c\u662f\u53d1\u884c\u4eba\u548c\u673a\u6784\u6295\u8d44\u8005\u5957\u671f\u4fdd\u503c\u7684\u91cd\u8981\u6307\u6807<\/p>\n<p>\u3000\u3000\u6b63\u5982\u6211\u4eec\u5728\u524d\u9762\u7684\u7ae0\u8282\u63d0\u5230\u8fc7\u7684\uff0c\u5bf9\u51b2\u503c\u662f\u6743\u8bc1\u53d1\u884c\u4eba\u548c\u4e00\u4e9b\u8f83\u5927\u7684\u6295\u8d44\u8005\u8fdb\u884c\u52a8\u6001\u907f\u9669\u7684\u5de5\u5177\u3002\u5c24\u5176\u662f\u6743\u8bc1\u53d1\u884c\u4eba\uff0c\u5fc5\u987b\u6839\u636e\u53d1\u884c\u7684\u6743\u8bc1\u4efd\u989d\uff0c\u6839\u636e\u5b9e\u65f6\u8ba1\u7b97\u51fa\u6765\u7684\u5bf9\u51b2\u503c\uff0c\u8ba1\u7b97\u4e3a\u4e86\u907f\u9669\u800c\u5e94\u8be5\u6301\u6709\u7684\u80a1\u7968\u6570\u91cf\uff0c\u7136\u540e\u95f4\u65ad\u6027\u7684\u8fdb\u884c\u80a1\u7968\u4ed3\u4f4d\u7684\u8c03\u6574\uff0c\u4ee5\u6c42\u8fbe\u5230\u5bf9\u51b2\u80a1\u7968\u4ef7\u683c\u6ce2\u52a8\u6240\u5e26\u6765\u7684\u98ce\u9669\u3002<\/p>\n<p>\u3000\u30005\u3001\u4f7f\u7528\u5bf9\u51b2\u503c\u8fdb\u884c\u6743\u8bc1\u6295\u8d44\u5e94\u8be5\u6ce8\u610f\u7684\u73b0\u8c61\uff0c\u6295\u8d44\u8005\u4f7f\u7528\u5bf9\u51b2\u503c\u65f6\uff0c\u5f88\u591a\u65f6\u5019\u53d1\u73b0\u6807\u7684\u80a1\u7968\u6da8\u8dcc1\u5143\u65f6\uff0c\u8ba4\u8d2d\u6743\u8bc1\u4ef7\u683c\u5e76\u6ca1\u6709\u51fa\u73b0\u3002\u6839\u636e\u5bf9\u51b2\u503c\u8ba1\u7b97\u7684\u6da8\u8dcc\u5e45\u5ea6\uff0c\u6709\u65f6\u751a\u81f3\u6807\u7684\u80a1\u7968\u4e0a\u6da8\uff0c\u800c\u76f8\u5e94\u7684\u8ba4\u8d2d\u6743\u8bc1\u4ef7\u683c\u4e0b\u8dcc\uff0c\u8fd9\u662f\u56e0\u4e3a\u4e00\u65b9\u9762\u5bf9\u51b2\u503c\u4e5f\u662f\u65f6\u65f6\u53d8\u5316\u7684\uff0c\u53e6\u4e00\u65b9\u9762\u6743\u8bc1\u65f6\u95f4\u4ef7\u503c\u7684\u51cf\u5c11\u548c\u5f15\u4f38\u6ce2\u5e45\u7684\u53d8\u52a8\u7b49\u56e0\u7d20\u4e5f\u5728\u5f71\u54cd\u6743\u8bc1\u4ef7\u683c\u3002\u5bf9\u51b2\u503c\u53ea\u662f\u6295\u8d44\u6743\u8bc1\u7684\u4e00\u4e2a\u53c2\u8003\u6307\u6807\uff0c\u6295\u8d44\u8005\u8fd8\u9700\u8981\u89c2\u5bdf\u5176\u4ed6\u5b9a\u4ef7\u6307\u6807\u5df2\u505a\u51fa\u51b3\u7b56\u3002<\/p>\n<blockquote 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style=\"margin-bottom:5px;\">\u6b63\u80a1\u6d3e\u606f\u4e0e\u6743\u8bc1<\/p>\n<p>\u6b63\u80a1\u6d3e\u606f\u4e0e\u6743\u8bc1<\/p>\n<\/blockquote>\n<p>{\u80a1\u7968\u8d44\u6e90\u9986:www.lixiangluntan.com\u4e13\u4e1a\u548c\u8c10\u9ad8\u7aef\u7092\u80a1\u8f6f\u4ef6--\u516c\u5f0f\u7f16\u5199\u4ea4\u6d41--\u52a0QQ751161480--}<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6743\u8bc1\u7684\u5b9a\u4ef7\u6307\u6807\u2014\u2014\u5bf9\u51b2\u503c<\/p>\n","protected":false},"author":7,"featured_media":115408,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[188],"class_list":["post-115406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rmgy","tag-188"],"_links":{"self":[{"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=\/wp\/v2\/posts\/115406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115406"}],"version-history":[{"count":0,"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=\/wp\/v2\/posts\/115406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=\/wp\/v2\/media\/115408"}],"wp:attachment":[{"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}