Behavioral finance is a brand-new field in analyzing prices in the market. In fact, most of the explanations come from psychological observations of daily lives.
(1) Provide a real world example that is not mentioned in class to show that people prefer things without changes.
(2) Provide a real world example that is not mentioned in class to show that people are usually over-confident.
(3) Provide a real world example that is not mentioned in class to show that people are more likely to be influenced by their neighbours rather than a randomly picked individual.