Introduction In the realm of decision-making, the mental model known as the “Prisoner’s Dilemma” holds significant relevance. The Prisoner’s Dilemma represents a scenario where individuals or groups face a choice between cooperation and betrayal, and the outcomes depend on the decisions made by all parties involved. This blog post aims to provide a comprehensive exploration […]
Introduction Incentives play a pivotal role in shaping our decisions, whether at a personal, business, or policy level. Understanding the concept of incentives and how they influence our behavior is crucial for making informed choices and avoiding potential pitfalls. Anchored in human psychology, the study of incentives sheds light on why we often act in […]
Introduction In the realm of decision-making, cognitive biases often cloud our judgment and lead us astray. One such cognitive trap is Campbell’s Law, a mental model that highlights how the pursuit of quantifiable metrics can distort decision-making processes. Coined by social psychologist Donald T. Campbell, this law suggests that when a measure becomes a target, […]
Introduction In the realm of decision-making, the Cobra Effect stands as a cautionary tale—a mental model that reminds us of the perils of unintended consequences. Coined after a historical anecdote from British colonial India, the Cobra Effect refers to a situation in which an attempted solution to a problem only exacerbates it. This concept sheds […]
Introduction In the intricate landscape of decision-making, our choices are often influenced by hidden biases. One such cognitive bias is the Bias Caused by Incentive, where our decisions are swayed by the perceived benefits or rewards associated with a particular choice. In this blog post, we will explore the Bias Caused by Incentive, its relevance […]
Introduction In our interconnected world, collective action plays a crucial role in addressing common challenges and achieving shared goals. However, the Free Ride Problem presents a significant obstacle to effective cooperation. This mental model describes the tendency of individuals or groups to exploit the contributions of others while minimizing their own involvement or investment. Understanding […]