We are given the equation $\cos^4\theta - \sin^4\theta = \frac{2}{3}$ and asked to find the value of $1 - 2\sin^2\theta$.
Begin with the provided equation:
$ \cos^4\theta - \sin^4\theta = \frac{2}{3} $
Factor the expression on the left using the difference of squares formula ($a^4 - b^4 = (a^2 - b^2)(a^2 + b^2)$):
$ (\cos^2\theta - \sin^2\theta)(\cos^2\theta + \sin^2\theta) = \frac{2}{3} $
Apply the fundamental Pythagorean identity, $\cos^2\theta + \sin^2\theta = 1$:
$ (\cos^2\theta - \sin^2\theta)(1) = \frac{2}{3} $
$ \cos^2\theta - \sin^2\theta = \frac{2}{3} $
Recall the double angle identity for cosine: $\cos(2\theta) = \cos^2\theta - \sin^2\theta$. Another form of this identity is $\cos(2\theta) = 1 - 2\sin^2\theta$.
Therefore, the expression $\cos^2\theta - \sin^2\theta$ is equivalent to $1 - 2\sin^2\theta$.
Using the result from step 3 and the identity from step 4, we can directly find the required value:
$ 1 - 2\sin^2\theta = \frac{2}{3} $
The value of $1 - 2\sin^2\theta$ is $\frac{2}{3}$.
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