Introduction The Symmetry of Ignorance is a powerful mental model that reveals the inherent limits of our knowledge and understanding. It highlights how we often overestimate our knowledge while underestimating the knowledge of others, leading to biased decision-making. Rooted in human psychology, this mental model is prevalent in various aspects of our lives and can […]
Introduction In our daily lives, we are constantly faced with decisions that shape our personal and professional trajectories. However, the human mind is not an infallible beacon of rationality. Instead, it operates within the boundaries of what is known as bounded rationality. Coined by Nobel laureate Herbert A. Simon, bounded rationality is a concept that […]
Introduction In the vast ocean of decision-making, we often find ourselves riding the waves of various mental models. One such model, known as “Surfing,” captures the essence of a psychological bias that affects our choices and actions. Surfing refers to the tendency to make decisions based on the current circumstances, rather than considering the long-term […]