Learnings Mental Models

The Pari-Mutuel Systems Mental Model: Unveiling the Fallacy of Collective Decision-Making

Introduction: In the realm of decision-making, the human mind is susceptible to various biases and fallacies that can lead to irrational choices. One such influential mental model is the Pari-Mutuel Systems, which has a profound impact on our day-to-day lives. Derived from the French term meaning “mutual betting,” this model originally emerged in the context […]