Introduction The Observer Effect is a powerful mental model that highlights the influence of observation on human behavior and decision-making. Rooted in human psychology, this concept asserts that individuals and groups can be influenced by the mere presence or awareness of being observed. Understanding the Observer Effect is crucial in decision-making processes as it reveals […]
Introduction In the vast landscape of human decision-making, our minds are subject to various biases and cognitive traps that can lead us astray from rational thinking. One such mental model is the Ratchet Effect, a phenomenon rooted in human psychology that affects our day-to-day lives, personal decisions, business strategies, and even public policy-making. Understanding the […]