Introduction In the realm of decision-making, our pursuit of rewards and outcomes is often accompanied by a phenomenon known as the Law of Diminishing Reward. This mental model suggests that as we continue to invest time, effort, or resources into a particular endeavor, the incremental returns diminish over time. Understanding this concept is crucial in […]
Introduction In the realm of decision-making, the human mind often grapples with limited time, resources, and attention. In such circumstances, understanding and applying the Pareto Principle can be a valuable mental model. The Pareto Principle, also known as the 80/20 rule, states that roughly 80% of the effects come from 20% of the causes. This […]
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 […]