Millionaire Mode

Industrial Economics and Behavioral Economics

Question 1 of 15

Which concept in behavioral economics emphasizes the tendency for individuals to make decisions based on immediate rewards rather than long-term consequences?

  1. Hyperbolic Discounting
  2. Prospect Theory
  3. Bounded Rationality
  4. Framing 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