Please write 2-23 paragraphs providing a scientific and thoughtful opinion about this Behavioral Finance question. One could...

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Please write 2-23 paragraphs providing a scientific andthoughtful opinion about this Behavioral Finance question.
One could argue that neither the classical finance assumption ofrationality of investors is correct nor are the markets entirelyirrational. Discuss the merits and demerits of these alternativephilosophies about asset pricing.

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Behavioral finance is the area of study that makes an attempt to understand the behavior of the investors in different situations so as to be able to predict the movement of the market The classical approach states that investors are rational in nature It means See Answer

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Please write 2-23 paragraphs providing a scientific andthoughtful opinion about this Behavioral Finance question.One could argue that neither the classical finance assumption ofrationality of investors is correct nor are the markets entirelyirrational. Discuss the merits and demerits of these alternativephilosophies about asset pricing.