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Learnings Mental Models

Understanding Regression to the Mean: Unraveling the Mental Model for Sound Decision-Making

Introduction In the realm of decision-making, the human mind is often influenced by various cognitive biases and heuristics that can lead to suboptimal choices. One such bias, known as “Regression to the Mean,” holds a significant place in our daily lives and decision-making processes. Derived from statistical analysis, this mental model describes the tendency for […]