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(b) (c) Discuss risk averse and risk seeking behaviour. You are required to show these risk behaviour of utility functions in two different graph
(b) (c) Discuss risk averse and risk seeking behaviour. You are required to show these risk behaviour of utility functions in two different graph forms. (10 marks) Choose any TWO (2) of the following to discuss the behavioural biases and their impacts on investment decision making. You may use an example to illustrate. (i) House money effect (ii) Hot hand fallacy (iii) Representativeness (iv) Availability bias (10 marks)
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Microeconomics An Intuitive Approach with Calculus
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