What does Behavioral Finance (BF) have to offer in a debate where the main topic is Financial Markets and Financial Regulation? Focus both on the micro (individual) behavior and the macro (system-wide/economy-wide) behavior. You may submit your writing/response in three parts:
A. In Favor of- the part that favors regulation of financial markets,
B. In Opposition to- the part that opposes regulation of financial markets
C. In Conclusion- a summary of the key learnings as describeed in parts A and B in above.