Introduction In our decision-making processes, we often encounter the mental model of Negligence. This model revolves around the failure to exercise reasonable care or take necessary action, leading to unintended consequences or missed opportunities. Anchored in human psychology, Negligence is prevalent in our day-to-day lives and decision-making processes. Understanding this mental model is crucial as […]
Tag: outcome bias
Introduction In the complex landscape of decision-making, our choices are often influenced by various mental models. One intriguing concept is Moral Luck, a cognitive bias deeply rooted in human psychology. Moral Luck refers to the phenomenon where the moral worth of our actions is influenced by factors outside our control. This mental model holds significant […]
Introduction In the realm of decision-making, our thought processes are often influenced by various mental models. One such intriguing concept is Ergodicity, a mental model deeply rooted in human psychology. Ergodicity refers to the assumption that time-averaged behavior in a system is representative of individual behavior within that system. This model holds significant relevance in […]