!

Fo) SurDrise T28t

AMame Ank?ta Mohant

Roqd no- 106 toaol0

8.4 Dftne dhaiourtal) nan )bth(

Study of miuence
Ans: Behavioural
dimanre ls
behaviour 0 investorcs
o4 Pycho1og gothe. ncluoles e
Ortimontial analysts. Ih also
CcubcequeH+ etiec4s m he
martket. 4Jocuseg
om ue 4ast that imyestora arte hotaLDayg
. )

taicnad, haNeiUmits, +e heurr Set-f-coritttól and

i1n'
h e t own bias es.
aute toluenteol by
Wht dlo you meoa by XapolaHg bias
+6
Ansf is a bias h a lRads people
Ca3+
OVeruwact In tui bies, inve3to rtg forte
and arrive at Comclusions ha Ptesent conges
m Steck prures oould îmdeeol Contimue nto
utut

R Heurusti c A Hewristic
h hurti8tic ls
This heurütc is
ate
clse Cnown as
Knoon as Similari+y Judgemenl Heurti2ics
Heuritc.
Tuis heurtisiic ttes T h nuuru8HC akes
plare wHhout uning ploce wituin he
of a
04 a Shareho lder. i n kim powe
power
heuteholder
i s unconttollable 1tis coHtoNM able
 Detine anomalieswh Some
market

Xmples. Whatbloou mean °*,Santa clauuy

Raly
A anomatiear TTD dis torthon,
(OMartket
he efficient
ha4Com+rtadict
tn rretureng
martet hypothexis iEMH).forc
RXample
hen a Stock is prured
urè w
Prucicmg anomalies
prredict T+
didenenHy han how amodel
t2a(cuj th
w? be prticeo.
w
medng T4endenc or
( Santu Claus Rally
tesig
he Stock marvet f a l l o vAN,
r e k s 04decem berr to he New y a t

itais l