Millionaire Mode

Behavioral Economics and Industrial Organization

Question 1 of 15

Which behavioral bias is characterized by individuals' tendency to overweight recent information and underweight past information?

  1. Anchoring Bias
  2. Confirmation Bias
  3. Framing Effect
  4. Availability Heuristic

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