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Arbitrage is limited because the wealth of arbitrageurs

/in /by

. 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 people’s 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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