Question: 1. What effect do Mr. Js biases have on the asset allocation decision? 2. Should Mall moderate or adapt to Mr. Js biases? 3. What

1. What effect do Mr. Js biases have on the asset allocation decision? 2. Should Mall moderate or adapt to Mr. Js biases? 3. What is an appropriate behaviorally modified asset allocation for Mr. J?

kindly provide further explaination with the illustration.

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