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Why is the learning-performance distinction important to researchers of learning phenomena? Provide three types of behavioral change that are not considered to be learning.Describe how each fails to meet the definition of learning.
Insurance Premium
The sum of money required to be paid by a person or company for obtaining an insurance coverage.
Risk-Averse
A description of an individual or entity that prefers to avoid risk, choosing safer options over potentially higher-reward alternatives.
Marginal Utility
The extra pleasure or benefit a person gains from consuming an additional unit of a product or service.
Risk Aversion
A preference for options with fewer risks and more predictable outcomes, often influencing investment and consumption behaviors.
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