Millionaire Mode

Decision Making Theories and Biases

Question 1 of 15

Which theory suggests that individuals make decisions based on the expected value of each option?

  1. Prospect Theory
  2. Expected Utility Theory
  3. Regret Theory
  4. Bounded Rationality

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000