Introduction In the realm of decision-making, the mental model of Redundancy plays a critical role in mitigating risks and improving outcomes. Redundancy refers to the intentional inclusion of backups or duplicates in a system or decision-making process. It is rooted in human psychology and prevalent in our daily lives. This blog post aims to explore […]
Introduction In the realm of decision-making, the mental model of Antifragility has gained significant attention. Coined by renowned author and scholar Nassim Nicholas Taleb, Antifragility refers to a system or entity that not only withstands shocks and uncertainty but actually benefits and thrives from them. Unlike fragility, which denotes vulnerability and breaking under stress, Antifragility […]
Introduction The Margin of Safety mental model revolves around the principle of building a buffer or cushion in decision-making processes. It emphasizes the importance of leaving room for error or unforeseen circumstances to protect against potential risks. Anchored in human psychology, this model finds prevalence in various aspects of our lives. Understanding and applying the […]
Introduction In the realm of decision-making, there exists a perilous territory known as the Unknown Unknowns. These are the risks and uncertainties that we are unaware of, often due to our limited knowledge, biases, or the complexity of the situation at hand. Understanding the concept of Unknown Unknowns is crucial because it sheds light on […]