Learnings Mental Models

The Parity Condition: Avoiding the Pitfalls of Irrational Decision-Making

Introduction In the realm of decision-making, our thought processes are influenced by various mental models that shape our perception of reality. One such mental model that frequently leads to irrational decision-making is the Parity Condition. Rooted in human psychology, the Parity Condition is a cognitive bias where individuals or groups base their judgments on superficial […]