在受到因认知偏差的影响以及外界环境干扰下，投资者的行为必然发生偏差。

At the interference of environment and the influence of cognitive bias, the behavior of investors gets to be bias.

youdao

二是我国股市投资者的行为偏差是由于投资者的情感、认知、社会心理偏差等内在偏差和我国股票市场的制度缺陷等外部原因共同作用的产物；

The second, the behavior biases of our investors is outcome of the inner biases such as emotion , cognition , social psychological biases etc, and the outer system defects of our market.

youdao

投资者并不是以理性的态度做出决策，其行为不仅受到自身固有的认知偏差影响，同时还受到外界环境的干扰。

The investor does not do a decision with the rational attitude, whose behavior not only be influenced by his cognitive deviation but also be disturbed to the outside world.

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