Learnings Mental Models

The Ringelmann Effect: Unveiling the Hidden Pitfalls of Group Decision-Making

Introduction In the realm of decision-making, our ability to evaluate options and make rational choices is paramount. However, human psychology often introduces biases that can cloud our judgment and lead us astray. One such cognitive bias is the Ringelmann Effect, a phenomenon that reveals the counterintuitive outcome of decreased individual effort within a group setting. […]