Introduction In the vast landscape of human cognition, Occam’s Razor stands as a mental model that aids decision-making by emphasizing simplicity. Derived from the principle attributed to the 14th-century philosopher William of Ockham, Occam’s Razor posits that among competing hypotheses, the simplest explanation is often the correct one. This razor-sharp principle has significant relevance in […]
Introduction In the realm of decision-making, rationality and logical thinking are often considered essential. However, human psychology reveals that our judgments are susceptible to various biases and fallacies. One such intriguing mental model is Aumann’s Agreement Theorem, named after Israeli-American mathematician and Nobel laureate Robert Aumann. This theorem challenges our assumptions about consensus and highlights […]