True or False

1.In many studies, it has been shown that traders who trade excessively (active traders) actually outperform the market

2. If you take advantage of current mispricing so as to benefit current and holding shareholders, new shareholders are at a disadvantage

3. Dan Kahneman and Amos Tversky found that investors are more sensitive to loss than to risk and possible return

4. Excessive optimism results in overestimation of market demand