Multiple Choice
Eric brews beer for a hobby. He has noticed that whenever he brews an unusually bad batch of beer, his next batch is much better. One explanation for this is that Eric learns from his past mistakes. Another explanation is:
A) status quo bias.
B) regression to the mean.
C) loss aversion.
D) the representative heuristic.
Correct Answer:
Verified
Correct Answer:
Verified
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