Which of the following statement is TRUE?

a) Uncertainty caused by the cost of gathering relevant information or human cognitive limitations is known as 'ontological uncertainty'

b) Loss aversion is another name used by psychologists for risk aversion

c) Sales of shares by profit takers after a rise in the stock market can be explained with reference to loss aversion

d) Carefully considering all the options available to us is commonly referred to as 'mental accounting'

e) Availability bias involves an irrational tendency to purchase shares which are easily available for purchase on the stock market.

Which one of the following is an incorrect statement concerning duration?

a) The higher the coupon, the shorter the duration

b) The lower the coupon, the longer the duration

c) The higher the yield to maturity, the greater the duration

d) The duration is the same as term to maturity only in the case of zero coupon bonds

e) The lower the yield to maturity, the greater the duration