##* Thanks##* *** Investors and other financial market participants act in a less than fully rational fashion due to cognitive limitations, overconfidence, and emotions. on

<{{Please do it well}}> ##* Thanks##*

*** Investors and other financial market participants act in a less than fully rational fashion due to cognitive limitations, overconfidence, and emotions. on the other hand, other investors and other financial market participants who act in a more rational fashion may take advantage of the valuation mistakes made by irrational investors.***

Questions: *** 1.which one of them has a greater impact on the investor's decisions*** ((Please Discuss comprehensively))***

*** 2.why there are different levels of investors rationality*** ((Please Discuss comprehensively))***

Thanks a lot