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Social Studies skills: Difference between revisions

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** "regression to the mean"
** "regression to the mean"
* see: https://www.britannica.com/science/law-of-large-numbers
* see: https://www.britannica.com/science/law-of-large-numbers
=== Loss aversion ===
* a psychological disposition to not want to lose out or not have something
* loss aversion occurs when people give up something of value or that is functional in exchange for something new that isn't needed
** ex. getting the latest cell phone even though your current one is working fine
* loss aversion drives decisions by "not wanting to lose out" on something


=== Necessary and sufficient conditions ===
=== Necessary and sufficient conditions ===