Individuals are expected to be rational and follow the approach prescribed under different traditional finance theories while constructing portfolios. In reality, studies from different parts of the world show that individuals do not act rationally due to cognitive limitations and influence of emotions and feelings. Additionally, in quite a few countries, religion plays an important role in decision-making. As a result, individuals make suboptimal decisions, like holding poorly diversified portfolios, excessive or minimal trading, and taking excessive or too little risk with their portfolios. The analysis of impact of behavioral biases and religiosity has not been done in the context of individual investors living in UAE, which this paper addresses. A survey questionnaire was administered to Arab nationals living in UAE. Data of 129 individuals were analyzed. The findings showed that these investors were influenced by emotional and cognitive biases, had good knowledge of religiosity, & placed them as important. This behavior is consistent with investor behavior observed in the rest of the world. Subsequent to these empirical findings, the paper has developed a quantitative model to predict the impact of behavioral biases and religiosity on asset allocation decisions. The research approach used for developing the quantitative model can be replicated by researchers from across the world tailored to their own regions.

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Background: Multicystic nephroma (MCN) is an uncommon but distinctive benign pediatric renal neoplasm but may present clinically at any age. It is scantily reported in the literature. To the best of our knowledge it has not yet been reported from Nepal. It is characterized by a well circumscribed mass with nodular outer surface that contain multiple fluid filled locals. Microscopy show cystically dilated spaces lined by flattened to columnar epithelium and is separated by fibroblastic stroma. A hobnail pattern is common. Case description: Here we report two cases of multicystic nephroma in a span of seven years. The first case is of a one year old female child who was diagnosed of having huge left sided renal mass clinically and the second case is of a 35-year-old male revealing hydatid cyst in USG, CT scan and IVP. Both of them underwent nephrectomy and their microscopic examination revealed typical characteristics of a multicystic nephroma. Conclusion: Since MCN has a benign behaviour it must be differentiated from focal cystic neoplastic lesions, including cystic partially differentiated nephroblastoma (CPDN), which has a low but distinct capability for local recurrence; from Wilm's tumour with cystic change; and cystic renal cell carcinoma.

INTRODUCTION: Exact mechanism for gall stone causing pancreatitis is not known but two accepted theories are:The rst mechanism is based on the Reex theory which proposed that usually the stones impact the ampulla of Vater and then it builds a common channel which allows the bile salt to the reux inside the pancreas. The second mechanism is inculcated from the Obstructive theory according to which the pancreatic injury is because of some excessive pressure which forms inside the pancreatic duct. That increased intraductal pressure is because of the continuous secretion of the pancreatic juice inside the existence of the pancreatic duct obstruction 1. AAIM: study of occurrence and severity of pancreatitis in case of gall stone disease. 1)To see the occurrence of gall stone inducedOBJECTIVES: pancreatitis among all the cases of acute pancreatitis 2)To observe the age distribution and severity of gall stone induced pancreatitis MATERIAL AND METHOD: a cross sectional study done on 57 Patients admitted with provisional diagnosis of pancreatitis in case of gall stone disease in TMMC&RC . Period of study was 18 months. study showed that the incidence of pancreatitis is more inCONCLUSION: female and is of mild to moderate severity that means if managed properly it decreases the morbidity and mortality.