Read the following statements and answer the question that follows.1. Behavioral models in finance most often critique the efficient market hypothesis, which states that if investors behave rationally then prices should reflect all available information about the financial asset in consideration.2. A number of behavioral models, including feedback models where investors bid up the price, have been used to explain this phenomenon.3. But asset price bubbles and crashes belie this conclusion.4. Finance is one of the fields where behavioral models have been used extensively, enough for behavioral finance.5. This idea of “irrational exuberance” is now widely accepted and used in financial analysis, especially while analyzing asset price bubbles.Arrange the above five statements in a logical sequence.

To arrange the above five statements in a logical sequence, we need to consider the flow of ideas and the connections between them. Here is the logical sequence:

1. Statement 4: Finance is one of the fields where behavioral models have been used extensively, enough for behavioral finance.
2. Statement 1: Behavioral models in finance most often critique the efficient market hypothesis, which states that if investors behave rationally then prices should reflect all available information about the financial asset in consideration.
3. Statement 2: A number of behavioral models, including feedback models where investors bid up the price, have been used to explain this phenomenon.
4. Statement 5: This idea of "irrational exuberance" is now widely accepted and used in financial analysis, especially while analyzing asset price bubbles.
5. Statement 3: But asset price bubbles and crashes belie this conclusion.

By arranging the statements in this sequence, we establish a logical flow of ideas, starting with the use of behavioral models in finance, critiquing the efficient market hypothesis, explaining the phenomenon with different models, accepting the idea of "irrational exuberance," and finally acknowledging the contradiction posed by asset price bubbles and crashes.