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 quest for efficient decision-making, we often rely on mental shortcuts known as heuristics. One such heuristic, the Precedents mental model, plays a significant role in shaping our choices. Precedents refer to the tendency to heavily anchor our decisions on past events or experiences. This cognitive bias, deeply rooted in human psychology, influences […]
Introduction In the realm of decision-making, the viscosity mental model plays a significant role in shaping our choices and actions. Viscosity refers to the resistance or friction we experience when trying to change our current state, habits, or beliefs. It is deeply rooted in human psychology, affecting our day-to-day lives and influencing decisions that may […]
Introduction In the realm of decision-making, Alder’s Law presents a crucial mental model. Anchored in human psychology, this model refers to the tendency of individuals or groups to make irrational decisions that are contrary to their best interests. Understanding the concept of Alder’s Law is essential for avoiding these pitfalls and making informed choices. In […]
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 realm of decision-making, the Abduction mental model plays a significant role. Abduction refers to the process of making inferences or forming hypotheses based on limited evidence or incomplete information. It is a mode of reasoning that fills gaps in knowledge by seeking the most plausible explanation. Anchored in human psychology, the Abduction […]