Introduction In the realm of decision-making, our minds are susceptible to various cognitive biases and fallacies that can lead to irrational choices. One such mental model is Shock & Awe, which refers to the tendency of individuals or groups to make impulsive decisions based on immediate emotional reactions or dramatic events, without considering the long-term […]
Introduction In the realm of decision-making, the mental model of the Flywheel Effect plays a crucial role in understanding the power of momentum and its impact on our choices. The Flywheel Effect can be defined as the concept that small, consistent actions over time can lead to significant cumulative results. Anchored in human psychology, this […]
Introduction In our daily lives, we constantly rely on mental shortcuts, or heuristics, to make decisions quickly and efficiently. However, these shortcuts can sometimes lead us astray, causing us to make irrational choices. One such mental model that influences our decision-making is the Common Law model. Common Law refers to a cognitive bias that places […]
Introduction In the realm of decision-making, understanding the dynamics of network effects is crucial. One mental model that sheds light on this phenomenon is Metcalfe’s Law. Coined by Robert Metcalfe, the law states that the value of a network is proportional to the square of the number of its users. In simpler terms, the more […]
Introduction In the realm of decision-making, Pascal’s Wager presents an intriguing mental model. It involves making choices based on potential rewards and punishments, particularly in matters of faith or belief. Anchored in human psychology, Pascal’s Wager finds prevalence in our day-to-day lives, often leading individuals or groups to make irrational decisions contrary to their best […]
Introduction In the landscape of decision-making, the Chauffeur Knowledge mental model holds significant relevance. Chauffeur Knowledge refers to the phenomenon where individuals possess shallow or surface-level understanding of a subject, relying on experts or authorities to navigate complex decisions. Anchored in human psychology, this model is prevalent in our day-to-day lives, often leading to irrational […]