Actually, in regards to your first point, I suspect that people do have an intuitive sense that playing the stock markets is a zero-sum game.
I think that the main reason that people exhibit irrational stock market behavior is overconfidence bias.
Actually, in regards to your first point, I suspect that people do have an intuitive sense that playing the stock markets is a zero-sum game.
I think that the main reason that people exhibit irrational stock market behavior is overconfidence bias.