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  3. 1. arbitrage is limited because the wealth of arbi

1. Arbitrage is limited because the wealth of arbitrageurs is limited. Discuss this statement in...

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Accounting

1. Arbitrage is limited because the wealth of arbitrageurs is limited. Discuss this statement in the context of those who are managing their own money and those who are managing other peoples money.

2. Differentiate the following terms and concepts:

Primacy and recency effects

Salience and availability

Fast-and-frugal heuristics and bias-generating heuristics

Autonomic and cognitive heuristics

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