Categories
Learnings Mental Models

Positive Illusions: The Alluring Traps of Optimism in Decision Making

Introduction In the realm of decision making, optimism is often celebrated as a valuable trait, providing motivation and resilience in the face of challenges. However, psychological research has revealed a fascinating phenomenon known as Positive Illusions, which sheds light on the potential pitfalls of excessive optimism. Positive Illusions refer to the cognitive biases that lead […]

Categories
Learnings Mental Models

The Evolutionary Stable Strategy: Navigating Decision-Making for Optimal Outcomes

Introduction In the realm of decision-making, the Evolutionary Stable Strategy (ESS) stands as a powerful mental model that explores how individuals and groups make choices to maximize their long-term success. Rooted in evolutionary biology, the ESS concept has found relevance in various aspects of human psychology and is prevalent in our day-to-day lives. By understanding […]