Introduction Black Swan events, a captivating mental model, refer to rare, unpredictable, and high-impact events that have significant consequences. This concept is crucial in decision-making processes as it challenges our ability to anticipate and plan for extreme and unexpected occurrences. Anchored in human psychology, the prevalence of Black Swan events in our day-to-day lives necessitates […]
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 realm of decision-making, the mental model of “Adaptation” holds significant relevance. Adaptation refers to the ability to adjust and respond to changing circumstances and environments. This blog post aims to provide a comprehensive exploration of the Adaptation mental model, its relevance in decision-making, examples of its occurrence in various contexts, biases that […]
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 […]
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 […]
Introduction In the realm of decision-making, understanding the mental models that influence our choices is vital. One such powerful model is the J-Curve. This concept describes a phenomenon where outcomes initially deteriorate before showing significant improvement. Anchored in human psychology, the J-Curve plays a crucial role in our day-to-day lives, impacting personal decisions, business strategies, […]