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What is the purpose of deregulation in the American political economy?
Overconfidence
The state of being excessively confident, to the point of having an unrealistic perception of one's abilities or outcomes.
Hindsight Bias
The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, also known as the "knew-it-all-along" effect.
Confounding Variable
An external factor in a research study that correlates with both the dependent and independent variables, potentially skewing results.
Alcoholic Beverage
A drink that contains ethanol, commonly known as alcohol, which is a psychoactive substance.
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