Introduction The Symmetry of Ignorance is a powerful mental model that reveals the inherent limits of our knowledge and understanding. It highlights how we often overestimate our knowledge while underestimating the knowledge of others, leading to biased decision-making. Rooted in human psychology, this mental model is prevalent in various aspects of our lives and can […]
Introduction In our daily lives, we constantly make decisions based on the perceived availability and desirability of goods, services, and resources. The mental model of Demand and Supply plays a crucial role in shaping these decisions. Originating from the field of economics, Demand and Supply is a fundamental concept that explains the relationship between the […]
Introduction In the realm of decision-making, the Nash Equilibrium mental model plays a significant role. Coined after the brilliant mathematician John Nash, this concept seeks to explain a common phenomenon: individuals or groups, driven by self-interest, often make choices that are contrary to what may seem rational at first glance. Nash Equilibrium is not only […]