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1') (From Cooper's chapter 5, starting in p. 112). It may seem that in a bubble people display irrational behavior, buying an asset in increasing

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1') (From Cooper's chapter 5, starting in p. 112). It may seem that in a bubble people display irrational behavior, buying an asset in increasing quantities as the price of the asset inates (more is bought as the asset becomes more expensive}. Cooper argues that asset price bubbles can form without investors behaving irrationally. Explain his argument. Make sure you explain why investors may be deceived by \"fundamentals- based information", by \"balance sheet information\"1 and by prot (i .e., income statement} information

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