Introduction In the realm of decision-making, the human mind often seeks simplicity and quick evaluations. However, this inclination can lead us astray, causing us to overlook crucial nuances and make irrational choices. One such mental model that frequently influences our decision-making processes is the “Scale” mental model. The Scale mental model refers to our tendency […]
Tag: Personal Life Decisions
Introduction In the intricate realm of decision-making, our minds are often captivated by stories. The Narrative Instinct, a mental model deeply rooted in human psychology, influences our decision-making processes by compelling us to rely on compelling narratives rather than objective analysis. In this blog post, we will explore the Narrative Instinct, its relevance in decision-making, […]
Introduction In the realm of decision-making, our past investments often hold a powerful influence over our choices. One cognitive bias that captures this phenomenon is the Sunk Cost Fallacy. The Sunk Cost Fallacy refers to the tendency to continue investing in a failing endeavor, solely due to the resources already committed, even when it no […]
Introduction In the realm of decision-making, humans are not always as rational as they believe themselves to be. Deep-rooted cognitive biases often shape our choices, leading us astray from logical thinking and optimal outcomes. One such bias, the Commitment and Consistency Bias, holds great significance in understanding the human mind’s intricate workings and the factors […]
Introduction In the realm of decision-making, the Heuristic for Availability is a mental model that influences our judgments and choices. Anchored in human psychology, this heuristic suggests that the ease with which examples or information come to mind shapes our perception of their likelihood or importance. Understanding the relevance of the Heuristic for Availability is […]
Introduction The Winner’s Games and Loser’s Games mental model introduces a powerful lens through which to understand decision-making dynamics. Coined by renowned economist and game theorist Bruce Pandolfini, this concept highlights the distinction between competitive games where skill and strategy determine the outcome (Winner’s Games) and situations where luck and chance dominate (Loser’s Games). Anchored […]