Introduction The Creative Destruction mental model is a fascinating concept that plays a significant role in our decision-making processes. It is deeply rooted in human psychology and is prevalent in our day-to-day lives. This mental model is a tool that helps us understand the cycle of innovation and obsolescence, where new ideas, technologies, and processes […]
The world of decision-making is complex, often influenced by a myriad of factors. One such influential factor is the ‘Moral Hazard’ mental model. This model, deeply rooted in human psychology, plays a significant role in our day-to-day lives, shaping our choices and actions. Understanding Moral Hazard Moral Hazard refers to a situation where an individual […]