Millionaire Mode

The Impact of Cognitive Biases on Economic Behavior

Question 1 of 15

What is the term used to describe the tendency to overvalue items that we own or are associated with?

  1. Sunk Cost Fallacy
  2. Anchoring Bias
  3. Confirmation Bias
  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