Learnings Mental Models

Alder’s Law: Unraveling the Fallacies of Decision-Making

Introduction In the realm of decision-making, Alder’s Law presents a crucial mental model. Anchored in human psychology, this model refers to the tendency of individuals or groups to make irrational decisions that are contrary to their best interests. Understanding the concept of Alder’s Law is essential for avoiding these pitfalls and making informed choices. In […]