Introduction The mental model of State Capture represents a phenomenon where influential individuals or groups exert disproportionate control over the state institutions and decision-making processes. It occurs when private interests manipulate or exploit governmental entities for personal gain, undermining the public’s best interests. This concept has deep roots in human psychology and is prevalent in […]
Introduction In the realm of decision-making, the concept of Regulatory Capture plays a significant role in shaping outcomes and policies. Regulatory Capture refers to a phenomenon in which regulatory agencies, originally established to protect the public interest, gradually come to be influenced or controlled by the industries they are supposed to oversee. This mental model […]
Introduction In our decision-making processes, we often encounter the mental model of Negligence. This model revolves around the failure to exercise reasonable care or take necessary action, leading to unintended consequences or missed opportunities. Anchored in human psychology, Negligence is prevalent in our day-to-day lives and decision-making processes. Understanding this mental model is crucial as […]
Introduction Parkinson’s Law, a captivating mental model, encapsulates the tendency for work to expand to fill the available time. Coined by British author Cyril Northcote Parkinson, this principle explains how tasks often take longer than necessary due to inefficiencies, procrastination, and poor time management. Although rooted in the realm of productivity, Parkinson’s Law permeates decision-making […]
Introduction The Self-Handicapping mental model refers to the tendency of individuals to create obstacles or excuses that impede their own performance or achievement. It is a cognitive bias deeply rooted in human psychology that affects decision-making processes and undermines personal and professional success. By understanding the concept of Self-Handicapping, its prevalence in our daily lives, […]
Introduction In the realm of decision-making, the human mind is prone to biases and fallacies that can lead us astray. One such mental model that profoundly impacts our choices is the concept of Moral Hazard. Coined in the field of economics, Moral Hazard refers to the phenomenon where individuals or groups, protected from the negative […]