Categories
Learnings Mental Models

Unlocking the Power of Parkinson’s Law: Understanding and Overcoming Decision-Making Fallacies

Introduction Parkinson’s Law, a captivating mental model, encapsulates the tendency for work to expand to fill the available time. Coined by British author Cyril Northcote Parkinson, this principle explains how tasks often take longer than necessary due to inefficiencies, procrastination, and poor time management. Although rooted in the realm of productivity, Parkinson’s Law permeates decision-making […]

Categories
Learnings Mental Models

Navigating Murphy’s Law: Unraveling the Role of Uncertainty in Decision-Making

Introduction Murphy’s Law, often stated as “Anything that can go wrong, will go wrong,” is a well-known mental model that reflects the pervasive nature of uncertainty in our lives. This concept acknowledges the inevitability of unforeseen events and their potential to disrupt our plans and decisions. Anchored in human psychology, Murphy’s Law is highly relevant […]

Categories
Learnings Mental Models

The Rebound Effect: Unveiling the Pitfalls of Effort and Decision-Making

Introduction In the realm of decision-making, there exists a fascinating mental model known as the Rebound Effect. This concept refers to the counterintuitive phenomenon where individuals or groups, after exerting considerable effort to achieve a particular goal, experience a subsequent and unexpected reversal in their progress. Rooted in human psychology, the Rebound Effect has far-reaching […]

Categories
Learnings Mental Models

Overcoming the Planning Fallacy: Making Realistic Decisions

Introduction When it comes to decision-making, humans often exhibit a cognitive bias known as the Planning Fallacy. The Planning Fallacy refers to our tendency to underestimate the time, effort, and resources required to complete a task or achieve a goal. This mental model is deeply rooted in human psychology and has significant implications for our […]

Categories
Learnings Mental Models

The Controlling Centre: Avoiding the Pitfalls of Decision-Making

Introduction In the complex landscape of decision-making, our minds often resort to mental shortcuts and biases that can lead us astray. One such mental model that profoundly influences our choices is the Controlling Centre. Derived from human psychology, this mental model refers to our tendency to believe that we have complete control over the outcomes […]