Introduction In the realm of decision-making, understanding the mental models that influence our choices is vital. One such powerful model is the J-Curve. This concept describes a phenomenon where outcomes initially deteriorate before showing significant improvement. Anchored in human psychology, the J-Curve plays a crucial role in our day-to-day lives, impacting personal decisions, business strategies, […]
Introduction In the realm of decision-making, the Lindy Effect mental model suggests that the future life expectancy of certain ideas, technologies, or concepts is proportional to their current age. In other words, the longer something has existed, the longer it is likely to continue to exist. This concept has profound implications for decision-making processes as […]
Introduction In the realm of decision-making, our minds often rely on mental shortcuts and biases that can lead us astray. One such cognitive tool that profoundly impacts our choices is the Utility mental model. Rooted in human psychology, Utility plays a significant role in shaping our decisions and can have far-reaching consequences for individuals, businesses, […]