Introduction In the realm of decision-making, a phenomenon known as Founder’s Syndrome holds significant influence. Founder’s Syndrome refers to the psychological and behavioral patterns that can arise when the founder or key individuals in an organization, relationship, or even personal life become entrenched in their ideas and resist change or differing perspectives. This mental model, […]
Introduction In the realm of decision-making, the Intellectual Property (IP) mental model plays a significant role, shaping our perceptions and influencing our choices. IP refers to the concept of ownership and the exclusive rights associated with creations of the mind, such as inventions, literary and artistic works, symbols, names, and designs. This mental model is […]
Introduction In the realm of decision-making, our minds are subject to various cognitive biases and fallacies that can often lead us astray. One such powerful mental model is the concept of switching cost. Switching cost refers to the perceived or real expenses, both tangible and intangible, associated with changing from one option to another. These […]
Introduction In the realm of decision-making, there exists a cognitive bias known as rent-seeking that often leads individuals and groups astray, prompting them to make choices that run contrary to their own best interests. Rooted in human psychology, rent-seeking refers to the pursuit of economic gain through non-productive activities, such as manipulating regulations, securing subsidies, […]