Answer ALL Questions Question 1 @) Identify and briefly explain each of behavioral biases for the statement below. (i) Investors are so fearful of losses that they focus on trying to avoid a loss more so than on making gains (5 marks) (ii) Investors automatically assume that good companies make good investments or analysts forecasting future results based on historical performance. (5 marks) (iii) People rely too much on pre-existing i formation or the first information they find when making decisions. (5 marks) (iv) Investors' tendency to follow and copy what other investors are doing and they are largely influenced by emotion and instinct, rather than by their own independent analysis. (5 marks) (b) Compare and contrast Efficient Market Hypothesis (EMH) with behavioral finance. (15 marks) (Total: 35 marks)