Which of the following statements is true regarding behavioral finance?

If a famous Hedge Fund manager invests in a stock, so other investors decide to buy the stock too, it is an example of the Hot Hand Fallacy

Traditional finance accounts for human error and biases, so behavioral finance is not useful

Behavioral finance claims that market prices very quickly reflect new information

Anchoring attributes cause and effect significance to chance events

Loss aversion means that the investors utility gained from a win will be less than the utility lost from a loss of the same magnitude