Introduction In the realm of decision-making, mental models play a vital role in shaping our thought processes and influencing the choices we make. One such mental model that often creeps into our thinking is the Epidemic Models. This concept refers to our tendency to view ideas, beliefs, and behaviors as contagious epidemics, which can lead […]
Introduction In the age of information, access to knowledge has become both a boon and a bane. While we have an unprecedented wealth of information at our fingertips, the challenge lies in sifting through it all and making rational decisions. One mental model that sheds light on this conundrum is the Google Scholar Effect. Coined […]
Introduction: In the realm of decision-making, the human mind is susceptible to various biases and fallacies that can lead to irrational choices. One such influential mental model is the Pari-Mutuel Systems, which has a profound impact on our day-to-day lives. Derived from the French term meaning “mutual betting,” this model originally emerged in the context […]