Introduction In the realm of decision-making, the human mind often seeks simplicity and quick evaluations. However, this inclination can lead us astray, causing us to overlook crucial nuances and make irrational choices. One such mental model that frequently influences our decision-making processes is the “Scale” mental model. The Scale mental model refers to our tendency […]
Tag: Irrational Decisions
Introduction In our daily lives, we often encounter decisions that vary in complexity and difficulty. From personal choices to business decisions and public policy-making, our ability to make rational judgments can be influenced by various cognitive biases. One such bias, known as the Hard-Easy effect, has a profound impact on our decision-making processes. This mental […]
Introduction In the realm of decision-making, humans are not always as rational as they believe themselves to be. Deep-rooted cognitive biases often shape our choices, leading us astray from logical thinking and optimal outcomes. One such bias, the Commitment and Consistency Bias, holds great significance in understanding the human mind’s intricate workings and the factors […]
Introduction In the realm of decision-making, understanding the complexities of human behavior is crucial. One mental model that sheds light on these complexities is the Exit Voice and Loyalty Model. Coined by economist Albert O. Hirschman in 1970, this model explores how individuals and groups respond to unsatisfactory situations by either exiting the situation altogether, […]
Introduction In today’s fast-paced and interconnected world, decision-making plays a crucial role in both our personal and professional lives. The ability to make sound choices is essential for achieving our goals and navigating the complex array of options that surround us. However, our decisions are often influenced by various mental biases that can lead us […]
Introduction In the world of decision-making, the concept of critical mass plays a significant role. It refers to the point at which an idea, behavior, or trend reaches a threshold of adoption, leading to a self-sustaining momentum. Understanding the critical mass mental model is crucial as it sheds light on the power of influence, social […]