Only One ACCOUNTING QUESTION, Q5

Question 5 Relevant costs for decisions (20 marks)
a) Question Bank 7-10 (4 marks)
b) Question Bank 7-19 (5 marks)
c) Question Bank 7-24 (5 marks)
d) The following question (6 marks)
Using Gittins article (Reading 7.2) as a source, explain how investors act irrationally in buying and selling shares, and explain the links between such actions and the heuristics and biases described by Tversky and Kahneman in Reading 3.1.