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 landscape of decision-making, the Chauffeur Knowledge mental model holds significant relevance. Chauffeur Knowledge refers to the phenomenon where individuals possess shallow or surface-level understanding of a subject, relying on experts or authorities to navigate complex decisions. Anchored in human psychology, this model is prevalent in our day-to-day lives, often leading to irrational […]
Introduction The Bayesian Update mental model revolutionizes decision-making by incorporating new evidence and adjusting beliefs and probabilities accordingly. Anchored in human psychology, this model allows individuals to update their understanding of the world based on incoming information. By embracing Bayesian Update, individuals can make more rational decisions, adapt to changing circumstances, and optimize their outcomes. […]