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Behavioural Finance: Make the case that the large overall volume of trade on financial markets is excessive. Explain the logic behind your arguments and mention

Behavioural Finance:

Make the case that the large overall volume of trade on financial markets is excessive. Explain the logic behind your arguments and mention any relevant evidence. Make sure to describe the design and results of any studies you mention. (Note: The question is about the overall volume of trade, not the volume of trade by individual investors.

[25 marks]

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