Introduction In the realm of decision-making, the Swarming mental model stands as a captivating phenomenon deeply rooted in human psychology. It describes a scenario where individuals or groups are swayed by the power of consensus, leading them to make irrational choices that defy their best interests. This mental bias, prevalent in our day-to-day lives, has […]
Introduction In the intricate landscape of decision-making, the human mind often resorts to mental shortcuts and biases that can lead to irrational choices. One such mental model that frequently influences our decision-making process is the concept of Decision Trees. Rooted in human psychology, Decision Trees represent a cognitive framework through which individuals evaluate choices, weigh […]
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 […]