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Learnings Mental Models

The Good Faith Mental Model: Balancing Trust and Rational Decision-Making

Introduction In our decision-making processes, we often rely on mental models that help guide our choices. One such influential mental model is Good Faith. Anchored in human psychology, the Good Faith model emphasizes trust, sincerity, and the belief that others will act in a fair and honest manner. Understanding this mental model is crucial as […]

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Learnings Mental Models

The Pollyanna Principle: Unveiling the Pitfalls of Optimism Bias

Introduction In our decision-making processes, we are often influenced by mental models that shape our perceptions and judgments. One such model that frequently comes into play is the Pollyanna Principle. Coined by psychologists Matlin and Stang in 1978, the Pollyanna Principle refers to the tendency for people to remember and prioritize positive information over negative […]

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Learnings Mental Models

Navigating Murphy’s Law: Unraveling the Role of Uncertainty in Decision-Making

Introduction Murphy’s Law, often stated as “Anything that can go wrong, will go wrong,” is a well-known mental model that reflects the pervasive nature of uncertainty in our lives. This concept acknowledges the inevitability of unforeseen events and their potential to disrupt our plans and decisions. Anchored in human psychology, Murphy’s Law is highly relevant […]

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Learnings Mental Models

Positive Illusions: The Mental Trap That Clouds Our Judgment

Introduction In the realm of decision-making, our minds are prone to numerous cognitive biases that can distort our perception of reality. One such cognitive bias is the concept of positive illusions. Positive illusions refer to a set of self-enhancing beliefs and biases that lead individuals to perceive themselves, their abilities, and their future prospects in […]

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Learnings Mental Models

Positive Illusions: The Alluring Traps of Optimism in Decision Making

Introduction In the realm of decision making, optimism is often celebrated as a valuable trait, providing motivation and resilience in the face of challenges. However, psychological research has revealed a fascinating phenomenon known as Positive Illusions, which sheds light on the potential pitfalls of excessive optimism. Positive Illusions refer to the cognitive biases that lead […]

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Learnings Mental Models

Overcoming the Planning Fallacy: Making Realistic Decisions

Introduction When it comes to decision-making, humans often exhibit a cognitive bias known as the Planning Fallacy. The Planning Fallacy refers to our tendency to underestimate the time, effort, and resources required to complete a task or achieve a goal. This mental model is deeply rooted in human psychology and has significant implications for our […]