Introduction The Maxima and Minima mental model directs our attention to the highs and lows within decision-making processes. It involves recognizing the presence of optimal and suboptimal points, or turning points, in various situations. Anchored in human psychology, this mental model compels us to assess the extremes and understand their relevance when making choices. By […]
Introduction Braess’s Paradox is a mental model that challenges our intuition about decision making by demonstrating that adding more resources or options can lead to worse outcomes. This counterintuitive phenomenon has implications in various domains, from personal life decisions to business strategies and public policy-making. Understanding the psychological underpinnings and prevalence of Braess’s Paradox can […]