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Tag: long-term consequences

The Bribery Mental Model: Unraveling the Influence of Incentives on Decision Making

Post author By Patrick
Post date June 7, 2023
No Comments on The Bribery Mental Model: Unraveling the Influence of Incentives on Decision Making

Cropped shot of two businessmen shaking hands while money passes hands under a table

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. […]

Tags bribery, business ethics, Cognitive Biases, decision frameworks, Decision-Making, instant gratification, irrational behavior, long-term consequences, Loss Aversion, mental models, Objective Decision-Making, personal choices, psychology, Public Policy, short-term rewards, social proof, temptation

Learnings Mental Models

Understanding Moral Hazard: Navigating the Pitfalls of Decision-Making

Post author By Patrick
Post date June 7, 2023
No Comments on Understanding Moral Hazard: Navigating the Pitfalls of Decision-Making

Introduction In the realm of decision-making, the human mind is prone to biases and fallacies that can lead us astray. One such mental model that profoundly impacts our choices is the concept of Moral Hazard. Coined in the field of economics, Moral Hazard refers to the phenomenon where individuals or groups, protected from the negative […]

Tags accountability, awareness, cognitive bias, Decision-Making, incentives, long-term consequences, Moral Hazard, psychological biases, responsible behavior, risk-taking