{"id":116925,"date":"2023-10-30T12:53:00","date_gmt":"2023-10-30T16:53:00","guid":{"rendered":"https:\/\/www.shortform.com\/blog\/?p=116925"},"modified":"2023-11-06T14:14:12","modified_gmt":"2023-11-06T18:14:12","slug":"stock-market-speculation","status":"publish","type":"post","link":"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/","title":{"rendered":"Stock Market Speculation & the 2 Types of Psychological Anchors"},"content":{"rendered":"\n

What causes stock market speculation? How do psychological anchors influence investors?<\/p>\n\n\n\n

Stock market speculation is influenced by psychological anchors, both quantitative and moral, which ground an investor\u2019s decisions even more than recent news about company performance. Taking a look at how these anchors work gives insight into why certain stocks grow and when.<\/p>\n\n\n\n

Let\u2019s take a look at how quantitative and moral psychological anchors and how they influence stock investors.<\/p>\n\n\n\n\n\n\n\n

Psychological Anchors that Influence Speculative Bubbles<\/h2>\n\n\n\n

Stock market speculation and psychological anchors are deeply intertwined. While many things can cause speculative bubbles, psychological factors determine the extent to which these bubbles will grow. In particular, two types of <\/strong>psychological anchors<\/em><\/strong>\u2014quantitative and moral\u2014prevent speculative bubbles from growing indefinitely<\/strong>. <\/p>\n\n\n\n

1. Quantitative Anchors<\/h3>\n\n\n\n

Quantitative anchors<\/em><\/strong> cause investors to keep stock prices relatively stable on a day-to-day basis<\/strong>. To illustrate the concept of quantitative anchors, let\u2019s take a look at an experiment by Daniel Kahneman and Amos Tversky<\/a>, in which they asked participants a question with an answer between 1 and 100 while displaying a wheel of fortune that landed on a random number between 1 and 100. Participants\u2019 answers, they found, were heavily influenced by the wheel\u2019s number\u2014for instance, if participants were asked \u201cWhat percentage of Americans earn above $50k annually?\u201d, their answers were significantly higher if the wheel landed on 85 than if it landed on 35. The number before them thus anchored<\/em> their response.<\/p>\n\n\n\n

(Shortform note: Since Kahneman and Tversky\u2019s original experiment, the impact of quantitative anchors has been repeatedly and robustly confirmed by researchers<\/a>. For instance, in a later experiment, researchers asked participants to list the last two digits of their social security number before asking them how much they would pay for a given object (like a bottle of scotch or a box of chocolates). They found that individuals with higher social security numbers consistently gave larger values when asked what they\u2019d be willing to pay, thus showing that their social security number anchored <\/em>their response.)<\/p>\n\n\n\n

This phenomenon keeps stock prices mostly consistent on a day-to-day basis. For example, if Tesla stock is trading at $245, investors will likely be anchored by this number and therefore avoid driving the price up to (say) $300 in a single day. In practice, this means that quantitative anchors restrict speculative bubbles from rising (or falling) excessively in a short time span.<\/p>\n\n\n\n

(Shortform note: Although quantitative anchors can be a powerful tool for keeping stock prices stable, they\u2019re often outweighed by news concerning business fundamentals. For example, on February 3, 2022, Meta\u2019s stock dropped 26%<\/a> from about $325 to about $240 after a disappointing earnings report, costing Meta $232 billion of its market capitalization.)<\/p>\n\n\n\n

2. Moral Anchors<\/h3>\n\n\n\n

In a similar vein, moral anchors<\/em><\/strong> determine how far a speculative bubble<\/a> can grow before bursting<\/strong>. Moral anchors refer to the narratives and reasons that convince investors to keep their money invested in the stock market rather than selling their stocks and cashing out. When a moral anchor is weak, investors will be more likely to sell their stocks and earn a tangible profit, causing a bubble to burst when this selling is widespread. By contrast, when a moral anchor is strong, investors will be more likely to hold their stocks and thus perpetuate speculative bubbles.<\/p>\n\n\n\n

(Shortform note: While moral anchors explain why investors continue to hold their stocks when they\u2019ve made money in the stock market, a different factor explains why investors continue to hold their stocks when they\u2019ve lost <\/em>money\u2014namely, the belief that losses aren\u2019t real until you cash out<\/a>. For example, if you invested $5,000 in Netflix and its stock immediately dropped 20%, you might refuse to sell your holdings because the $1,000 loss only feels genuine after you\u2019ve cashed out.)<\/p>\n\n\n\n

Let\u2019s compare the narratives that drive investment decisions to those that influence juries. Psychological experiments show that rather than assessing the quantitative evidence that the defendant committed a crime, juries instead consider the plausibility and coherence of the defendant\u2019s story versus the prosecution\u2019s. Analogously, these reasons\u2014rather than quantitative analysis of dividend yields or CAPE ratios\u2014heavily influence investors\u2019 behavior. For instance, if you initially purchased tech stocks in the late \u201990s and earned massive returns, you might choose to continue holding these stocks rather than selling if the dominant narrative says that tech stocks will only increase in value.<\/p>\n\n\n\n

(Shortform note: For investors seeking to improve their quantitative analysis skills rather than simply relying on the dominant narratives in financial circles, Robert G. Hagstrom\u2019s The Warren Buffett Way<\/em><\/a> offers a helpful starting point. In The Warren Buffett Way<\/em>, Hagstrom outlines the key quantitative metrics that Warren Buffett uses<\/a> to evaluate companies\u2019 prospects as an investor. For instance, he outlines what return on equity <\/em>is and how it measures companies\u2019 efficiency in generating prospects, in addition to explaining why owner earnings<\/a> <\/em>is a superior metric to cash flow.)<\/p>\n","protected":false},"excerpt":{"rendered":"

What causes stock market speculation? How do psychological anchors influence investors? Stock market speculation is influenced by psychological anchors, both quantitative and moral, which ground an investor\u2019s decisions even more than recent news about company performance. Taking a look at how these anchors work gives insight into why certain stocks grow and when. Let\u2019s take a look at how quantitative and moral psychological anchors and how they influence stock investors.<\/p>\n","protected":false},"author":24,"featured_media":59603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81,9],"tags":[1315],"class_list":["post-116925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","category-psychology","tag-irrational-exuberance","","tg-column-two"],"yoast_head":"\nStock Market Speculation & the 2 Types of Psychological Anchors - Shortform Books<\/title>\n<meta name=\"description\" content=\"Stock market speculation is influenced by psychological factors. Read here to understand how mental anchors play into investment decisions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock Market Speculation & the 2 Types of Psychological Anchors\" \/>\n<meta property=\"og:description\" content=\"Stock market speculation is influenced by psychological factors. Read here to understand how mental anchors play into investment decisions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/\" \/>\n<meta property=\"og:site_name\" content=\"Shortform Books\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-30T16:53:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-06T18:14:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s3.amazonaws.com\/wordpress.shortform.com\/blog\/wp-content\/uploads\/2022\/02\/man-thinking.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1297\" \/>\n\t<meta property=\"og:image:height\" content=\"759\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Becca King\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Becca King\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/\"},\"author\":{\"name\":\"Becca King\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/a98d1f6c931222c11a5c5d087f3376fe\"},\"headline\":\"Stock Market Speculation & the 2 Types of Psychological Anchors\",\"datePublished\":\"2023-10-30T16:53:00+00:00\",\"dateModified\":\"2023-11-06T18:14:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/\"},\"wordCount\":816,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2022\/02\/man-thinking.jpg\",\"keywords\":[\"Irrational Exuberance\"],\"articleSection\":[\"Economics\",\"Psychology\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/\",\"url\":\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/\",\"name\":\"Stock Market Speculation & the 2 Types of Psychological Anchors - Shortform Books\",\"isPartOf\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2022\/02\/man-thinking.jpg\",\"datePublished\":\"2023-10-30T16:53:00+00:00\",\"dateModified\":\"2023-11-06T18:14:12+00:00\",\"description\":\"Stock market speculation is influenced by psychological factors. Read here to understand how mental anchors play into investment decisions.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#primaryimage\",\"url\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2022\/02\/man-thinking.jpg\",\"contentUrl\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2022\/02\/man-thinking.jpg\",\"width\":1297,\"height\":759},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.shortform.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stock Market Speculation & the 2 Types of Psychological Anchors\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#website\",\"url\":\"https:\/\/www.shortform.com\/blog\/\",\"name\":\"Shortform Books\",\"description\":\"The World's Best Book Summaries\",\"publisher\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.shortform.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#organization\",\"name\":\"Shortform Books\",\"url\":\"https:\/\/www.shortform.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2019\/06\/logo-equilateral-with-text-no-bg.png\",\"contentUrl\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2019\/06\/logo-equilateral-with-text-no-bg.png\",\"width\":500,\"height\":74,\"caption\":\"Shortform Books\"},\"image\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/a98d1f6c931222c11a5c5d087f3376fe\",\"name\":\"Becca King\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7ab8ccaa06da85a3a10dc25619d2bcb4408d48fee053d0eddb8a646960874c9d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7ab8ccaa06da85a3a10dc25619d2bcb4408d48fee053d0eddb8a646960874c9d?s=96&d=mm&r=g\",\"caption\":\"Becca King\"},\"description\":\"Becca\u2019s love for reading began with mysteries and historical fiction, and it grew into a love for nonfiction history and more. Becca studied journalism as a graduate student at Ohio University while getting their feet wet writing at local newspapers, and now enjoys blogging about all things nonfiction, from science to history to practical advice for daily living.\",\"url\":\"https:\/\/www.shortform.com\/blog\/author\/becca-king\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Stock Market Speculation & the 2 Types of Psychological Anchors - Shortform Books","description":"Stock market speculation is influenced by psychological factors. Read here to understand how mental anchors play into investment decisions.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/","og_locale":"en_US","og_type":"article","og_title":"Stock Market Speculation & the 2 Types of Psychological Anchors","og_description":"Stock market speculation is influenced by psychological factors. Read here to understand how mental anchors play into investment decisions.","og_url":"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/","og_site_name":"Shortform Books","article_published_time":"2023-10-30T16:53:00+00:00","article_modified_time":"2023-11-06T18:14:12+00:00","og_image":[{"width":1297,"height":759,"url":"https:\/\/s3.amazonaws.com\/wordpress.shortform.com\/blog\/wp-content\/uploads\/2022\/02\/man-thinking.jpg","type":"image\/jpeg"}],"author":"Becca King","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Becca King","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#article","isPartOf":{"@id":"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/"},"author":{"name":"Becca King","@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/a98d1f6c931222c11a5c5d087f3376fe"},"headline":"Stock Market Speculation & the 2 Types of Psychological Anchors","datePublished":"2023-10-30T16:53:00+00:00","dateModified":"2023-11-06T18:14:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/"},"wordCount":816,"commentCount":0,"publisher":{"@id":"https:\/\/www.shortform.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2022\/02\/man-thinking.jpg","keywords":["Irrational Exuberance"],"articleSection":["Economics","Psychology"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/","url":"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/","name":"Stock Market Speculation & the 2 Types of Psychological Anchors - Shortform Books","isPartOf":{"@id":"https:\/\/www.shortform.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#primaryimage"},"image":{"@id":"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2022\/02\/man-thinking.jpg","datePublished":"2023-10-30T16:53:00+00:00","dateModified":"2023-11-06T18:14:12+00:00","description":"Stock market speculation is influenced by psychological factors. Read here to understand how mental anchors play into investment decisions.","breadcrumb":{"@id":"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.shortform.com\/blog\/stock-market-speculation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#primaryimage","url":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2022\/02\/man-thinking.jpg","contentUrl":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2022\/02\/man-thinking.jpg","width":1297,"height":759},{"@type":"BreadcrumbList","@id":"https:\/\/www.shortform.com\/blog\/stock-market-speculation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.shortform.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Stock Market Speculation & the 2 Types of Psychological Anchors"}]},{"@type":"WebSite","@id":"https:\/\/www.shortform.com\/blog\/#website","url":"https:\/\/www.shortform.com\/blog\/","name":"Shortform Books","description":"The World's Best Book Summaries","publisher":{"@id":"https:\/\/www.shortform.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.shortform.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.shortform.com\/blog\/#organization","name":"Shortform Books","url":"https:\/\/www.shortform.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2019\/06\/logo-equilateral-with-text-no-bg.png","contentUrl":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2019\/06\/logo-equilateral-with-text-no-bg.png","width":500,"height":74,"caption":"Shortform Books"},"image":{"@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/a98d1f6c931222c11a5c5d087f3376fe","name":"Becca King","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7ab8ccaa06da85a3a10dc25619d2bcb4408d48fee053d0eddb8a646960874c9d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7ab8ccaa06da85a3a10dc25619d2bcb4408d48fee053d0eddb8a646960874c9d?s=96&d=mm&r=g","caption":"Becca King"},"description":"Becca\u2019s love for reading began with mysteries and historical fiction, and it grew into a love for nonfiction history and more. Becca studied journalism as a graduate student at Ohio University while getting their feet wet writing at local newspapers, and now enjoys blogging about all things nonfiction, from science to history to practical advice for daily living.","url":"https:\/\/www.shortform.com\/blog\/author\/becca-king\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2022\/02\/man-thinking.jpg","_links":{"self":[{"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/posts\/116925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/comments?post=116925"}],"version-history":[{"count":2,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/posts\/116925\/revisions"}],"predecessor-version":[{"id":117052,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/posts\/116925\/revisions\/117052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/media\/59603"}],"wp:attachment":[{"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/media?parent=116925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/categories?post=116925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/tags?post=116925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}