Learnings Mental Models

The Law of Diminishing Reward: Navigating the Pitfalls of Plateauing Returns

Introduction In the realm of decision-making, our pursuit of rewards and outcomes is often accompanied by a phenomenon known as the Law of Diminishing Reward. This mental model suggests that as we continue to invest time, effort, or resources into a particular endeavor, the incremental returns diminish over time. Understanding this concept is crucial in […]