Introduction In the realm of decision-making, the mental model of “Adaptation” holds significant relevance. Adaptation refers to the ability to adjust and respond to changing circumstances and environments. This blog post aims to provide a comprehensive exploration of the Adaptation mental model, its relevance in decision-making, examples of its occurrence in various contexts, biases that […]
Introduction In the realm of decision-making, our assessment of our own skills and abilities can significantly influence the choices we make. The mental model known as “Skill Compensation” sheds light on how individuals tend to overestimate their abilities in one area to compensate for perceived deficiencies in another. This concept is deeply rooted in human […]
Introduction In the complex landscape of decision-making, our minds are often inundated with a barrage of information and influences. However, the Noise Bottleneck is a mental model that sheds light on the detrimental effects of excessive noise and random factors on our decision-making processes. The Noise Bottleneck refers to the phenomenon where irrelevant and random […]
Introduction In the realm of decision-making, our expertise and knowledge can sometimes become a double-edged sword. The Curse of Knowledge is a mental model that highlights the difficulty experts face in communicating and understanding the perspective of novices due to the gap in knowledge. This blog post delves into the concept of the Curse of […]
Introduction In the realm of decision-making, it is crucial to consider the limitations of our models and assumptions. The Lucas Critique, named after economist Robert E. Lucas Jr., emphasizes the need to account for how individuals and organizations respond to changes in policy or external factors. This mental model challenges the effectiveness of static models […]