Introduction In the vast ocean of decision-making, we often find ourselves riding the waves of various mental models. One such model, known as “Surfing,” captures the essence of a psychological bias that affects our choices and actions. Surfing refers to the tendency to make decisions based on the current circumstances, rather than considering the long-term […]
Introduction In the realm of decision-making, our minds are constantly influenced by various mental models that shape our perceptions and judgments. One such powerful mental model is “scarcity,” which refers to the fundamental condition of limited resources. Understanding and recognizing the scarcity mental model is crucial as it plays a significant role in shaping our […]
Introduction: In the vast landscape of human decision-making, various mental models shape our thoughts and actions. One particularly intriguing model is the Bribery mental model, which elucidates the powerful influence of incentives on our choices. Rooted in human psychology, this model explores how we are susceptible to irrational decision-making when enticed by rewards or inducements. […]
Introduction In the realm of decision-making, there exists a cognitive bias known as rent-seeking that often leads individuals and groups astray, prompting them to make choices that run contrary to their own best interests. Rooted in human psychology, rent-seeking refers to the pursuit of economic gain through non-productive activities, such as manipulating regulations, securing subsidies, […]