Millionaire Mode

Behavioral Economics

Question 1 of 15

What is the term for the tendency of people to overvalue items they already own?

  1. Sunk cost fallacy
  2. Confirmation bias
  3. Framing effect
  4. Endowment effect

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