Cognitive Arbitrage

当“竞价”演变为“认知套利”，SEM 流量的本质是什么？

The SEM analysis argues that bidding has evolved into a "survival tax" and negative-sum game, pushing companies into "corporate charity." Advanced players now focus on "cognitive arbitrage," correcting user perceptions and building trust for asymmetric growth, necessitating strict ROI auditing and algorithm understanding.