Mrs. Ali (hereafter "Mrs. A") is a single, 70-year-old retiree living a modest lifestyle. Her only income

is generated by her investment portfolio, which totals Rs. 1 million. Mrs. A was referred to you by

your Aunt Sally's friend Mabel, and you've known her for about three years. Your advisory

relationship reveals that Mrs. A's primary investment goal is for her assets to sufficiently support her

for the rest of her life. She does not, under any circumstances, want to lose money, because she recalls

that her relatives lost money in the crash of 2008. You have noticed that Mrs. A is also stubborn and

inflexible in her thinking, especially on the topic of financial markets.

Required

1- Discuss the biases related to Mrs. A and suggest her with your expert opinion.