nestion 7 8 points In the United Kingdom, investors allocate 60% of their money to home domiciled companies, despite such UK-listed stocks making up just 7% of world capitalization. Japanese investors put 80% of their funds in Japan-listed companies, despite such names accounting for only 9% of world capitalization. These figures indicate that many investors are missing opportunities to diversify their portfolios simply because they are biased to the stocks listed in their home country. In addition, 70% of the investors select their investment only on the basis of information published in the news and the recent performance of these investments, Required: Larks) a. Based on behavioral finance, what are the behavioral biases investors are likely to exhibit in the above article? Analyze these behavioral biases. b. Discuss how the behavioral biases analyzed in question A may lead to irrational investment decisions (2 marks) TTT Arial E- 3 (12pt) T- MacBook 5