Introduction In the realm of decision-making, our minds are often subject to cognitive biases and heuristics that can lead us astray. One such powerful mental model is known as “Mr. Market.” Coined by Benjamin Graham, an influential investor and economist, the concept of Mr. Market revolves around the idea that individuals and groups often make […]
Introduction In the realm of decision-making, there are various mental models that influence how we perceive and evaluate choices. One such model, known as “Deadweight Loss,” reveals the hidden costs and irrationality that can arise from our decision-making processes. This blog post aims to provide a comprehensive understanding of Deadweight Loss, its relevance in decision-making, […]