Learnings Mental Models

The Nash Equilibrium Mental Model: Unraveling the Fallacy of Rationality in Decision-Making

Introduction In the realm of decision-making, the Nash Equilibrium mental model plays a significant role. Coined after the brilliant mathematician John Nash, this concept seeks to explain a common phenomenon: individuals or groups, driven by self-interest, often make choices that are contrary to what may seem rational at first glance. Nash Equilibrium is not only […]