Introduction Luck Surface Area is a thought-provoking mental model that explores the role of luck and opportunity in decision-making and outcomes. It emphasizes the idea that increasing one’s Luck Surface Area, which represents the quantity and quality of opportunities available, can significantly impact success. By understanding this concept and its psychological underpinnings, individuals can make […]
Introduction In the realm of decision-making, humans are susceptible to various cognitive biases that can lead to erroneous judgments. One such pervasive mental model is the Gambler’s Fallacy. It refers to the mistaken belief that past events in games of chance, such as gambling or random events, influence future outcomes. Anchored in human psychology, the […]
Introduction In the realm of decision making, optimism is often celebrated as a valuable trait, providing motivation and resilience in the face of challenges. However, psychological research has revealed a fascinating phenomenon known as Positive Illusions, which sheds light on the potential pitfalls of excessive optimism. Positive Illusions refer to the cognitive biases that lead […]
Introduction In our quest to make rational decisions, we often fall prey to a cognitive trap known as the Lucid Fallacy. This mental model revolves around the misconception that our thoughts and judgments are always clear, logical, and accurate. Anchored in human psychology, the Lucid Fallacy can lead us astray by giving us a false […]
Introduction In the realm of decision-making, the mental model of diversification plays a significant role. Diversification refers to the practice of spreading one’s resources, efforts, or investments across a range of options or areas. It is a strategy employed to reduce risk, increase opportunities, and achieve a sense of security. Anchored in human psychology, this […]
Introduction In the realm of decision-making, mental models play a crucial role in shaping our perceptions and guiding our choices. One such influential mental model is the Phillips Curve. Coined by economist A.W. Phillips in the 1950s, the Phillips Curve suggests an inverse relationship between unemployment and inflation rates. Understanding this mental model is essential, […]