The Expectancy Value Theory proposes that individuals' choices, persistence, and performance can be explained by their beliefs about how well they will do on a task (expectancies), their beliefs about their own abilities, and the extent to which they value the task. Expectancies refer to beliefs about the probability of success, abilities beliefs are evaluations of one's competence, and task value considers importance, interest, and utility of the task. Choices are influenced by expectancies, abilities beliefs, and weighing the values of various options against the costs associated with each choice.