Introduction The Fabian Strategy is a mental model rooted in the concept of deliberate and patient decision-making. Named after the Roman general Fabius Maximus, who employed a strategy of attrition and avoidance to defeat stronger enemies, this model emphasizes the value of cautious, incremental progress and the preservation of resources. Anchored in human psychology, the […]
Tag: Loss Aversion
Introduction In the realm of decision-making, the mental model of irreversibility holds significant sway over our choices and actions. Irreversibility refers to the perception that certain decisions or actions cannot be undone or reversed, leading individuals to make irrational choices that are contrary to their best interests. Anchored in human psychology, this mental model manifests […]
Introduction In the realm of decision-making, the viscosity mental model plays a significant role in shaping our choices and actions. Viscosity refers to the resistance or friction we experience when trying to change our current state, habits, or beliefs. It is deeply rooted in human psychology, affecting our day-to-day lives and influencing decisions that may […]
Introduction In the realm of decision-making, the Red Queen Effect serves as a powerful mental model. This blog post explores the concept, its relevance in decision-making processes, its anchoring in human psychology, and its prevalence in our day-to-day lives. By understanding the Red Queen Effect, individuals can make more informed decisions that adapt to ever-changing […]
Introduction In the vast landscape of human decision-making, mental models serve as indispensable tools that shape our understanding and guide our actions. Among these models, the Burdens of Proof stands out as a compelling concept deeply rooted in human psychology. It highlights the significance of evidence and rationality in our decision-making processes. In this blog […]
Introduction In the realm of decision-making, the concept of First-Movers and Last-Movers Advantage plays a significant role in shaping our choices. This mental model revolves around the idea that being the first to enter a market or adopting a particular strategy can provide a competitive advantage. Conversely, there are situations where being a late entrant […]