2. Equity Market Investment Strategies: Three popular strategies for equity investors are {i} \"value". {ii} momentum and (iii) tactical asset allocation. Explain the three different strategies and provide an explanation. backed by quantitative evidence. of which one delivers the best performance. 3. Eieieat Markets: Explain as clearly as you can the original paper that presents Robert Shiller's "excess volatility" argument. I do not expect you to get bogged dost-n1 in the mathematical details. but you do need to understand and explain how and why he adjust the data as he does. Identify and explain the most important criticisms of the "excess volatility" argument. Can we still lalte it seriously today? Why or why not'.' 4. Does Behavioural Finance make money? [11 I993. Richard Thaler. an advocate of \"behavioural nance". set up an investment advisory business {Fuller 3:. Thaler Asset Management. WWW] that invests using the \"principles of behavioural nance". In a practical money management context. what are these \"principles"? How are they applied to investment selection? How has the performance of \"behavioural investing" compared to that other strategies since the mid- [9905? Choose ONE of the topics below and prepare a short essay (about 2,000 words, that is, 8 double spaced pages NOT counting charts, graphs, tables etc.) explaining your answer. Your assignment must clearly meet university Honours degree standards. In particular, that requires that you show : (a) a clear, accurate understanding of key concepts, (b) the ability to gather and interpret data from scholarly reviews and primary sources, (c) the ability to think clearly and critically about your subject, (d) your ability to communicate your research clearly and accurately, using structured and coherent arguments and ( e) proper use of the English language at an undergraduate level. All sources must be cited using either MLA or APA formatting. In either case, specific page references are required. Please remember: it is your work that is being evaluated; not what you can copy or paraphrase from other people. An undergraduate essay reports on what you have learned about a topic. If someone else, with no prior knowledge, can read your paper and learn something new, you have succeeded. That is why, before submitting your work, it would be wise to have someone else (a parent, a sibling, a random stranger) read it and feed back to you what they have learned. If they have no idea, another round of editing is in order. Any unacknowledged copying or borrowing from work submitted by other students or from other sources constitutes as plagiarism and will be dealt with severely. If you have ANY doubts about plagiarism, or about acceptable research sources, please talk to me or consult the Writing Centre experts