Discuss how the behavioural finance approach challenges the efficient market hypothesis (the answer should include discussion of at least two behavioural biases)

The due time is in Pacific Time at 7am.Need to know finance knowledge at first.There are three questions need to answer.
1. Discuss how the behavioural finance approach challenges the efficient market hypothesis (the answer should include discussion of at least two behavioural biases)2. Discuss the purposes of performance evaluation. Compare the Sharpe measure with the Treynor measure. You should also discuss potential problems in using single-parameter measure。3. Use the extant literature to evaluate the importance of earnings in fundamental analysis. Further, discuss if past earnings are predictive of future earnings.