Question: Explain the main differences between the Mean-Variance Portfolio Theory (Markowitz 1952,1959) and the Behavioral Portfolio Theory (Shefrin and Statman, 1987, 2000)

Explain the main differences between the Mean-Variance Portfolio Theory (Markowitz 1952,1959) and the Behavioral Portfolio Theory (Shefrin and Statman, 1987, 2000)

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