Introduction In our quest for efficient decision-making, we often rely on mental shortcuts known as heuristics. One such heuristic, the Precedents mental model, plays a significant role in shaping our choices. Precedents refer to the tendency to heavily anchor our decisions on past events or experiences. This cognitive bias, deeply rooted in human psychology, influences […]
Introduction In our daily lives, we constantly rely on mental shortcuts, or heuristics, to make decisions quickly and efficiently. However, these shortcuts can sometimes lead us astray, causing us to make irrational choices. One such mental model that influences our decision-making is the Common Law model. Common Law refers to a cognitive bias that places […]
Introduction In the realm of decision-making, the mental model of Weasel Words holds significant relevance. Weasel words refer to ambiguous, vague, or misleading language that allows speakers or writers to create an impression of credibility or certainty without making concrete claims or commitments. This blog post explores the concept of Weasel Words, its impact on […]
Introduction In the realm of decision-making, the concept of hormesis provides a thought-provoking mental model. Hormesis refers to a phenomenon where exposure to low or moderate levels of stress or toxins can result in beneficial effects, contrary to what one might expect. This model has significant relevance as it challenges our perception of risk and […]
Introduction In the intricate realm of decision-making, our minds are susceptible to various cognitive biases that can lead us astray from rationality. One such bias, known as the Woozle Effect, holds a significant place in our mental landscape. Coined by American psychologist Paul Meehl in 1967, the Woozle Effect refers to the phenomenon where a […]
Introduction In the digital age, the concept of open versus closed platforms has become increasingly relevant in decision-making processes. This mental model examines the degree of openness and accessibility of a platform or system. Open platforms allow for flexibility, collaboration, and innovation, while closed platforms exert control and limit freedom. Understanding this model is crucial […]