Introduction In the realm of decision-making, our minds are often subject to cognitive biases and fallacies that lead us astray from rationality. One such phenomenon is the Blitzkrieg mental model, which refers to the tendency of individuals or groups to make impulsive, irrational decisions without considering the long-term consequences. Derived from the military strategy known […]
Introduction In the realm of decision-making, the mental model of Attrition Warfare plays a significant role. Derived from military strategy, Attrition Warfare involves a prolonged battle of attrition, where victory is sought through the gradual erosion of the opponent’s resources and willpower. This mental model finds relevance beyond the battlefield, influencing our choices in personal […]
Introduction In our decision-making processes, we often encounter the mental model of Negligence. This model revolves around the failure to exercise reasonable care or take necessary action, leading to unintended consequences or missed opportunities. Anchored in human psychology, Negligence is prevalent in our day-to-day lives and decision-making processes. Understanding this mental model is crucial as […]
Introduction In the complex world we inhabit, decision making is an inherent part of our daily lives. However, uncertainty often lurks in the shadows, shaping the choices we make and the outcomes we experience. One such form of uncertainty is known as Knightian Uncertainty, named after economist Frank Knight, who first introduced the concept in […]
Introduction In the realm of decision-making, Probabilistic Thinking emerges as a powerful mental model deeply rooted in human psychology. It revolves around understanding and embracing uncertainty, evaluating risks and rewards based on probabilities, and making informed choices accordingly. This mental model finds profound relevance in various decision-making processes, influencing our personal lives, business strategies, and […]
Introduction Sensitivity Analysis, a powerful mental model, plays a crucial role in decision-making processes. It involves examining how changes in variables or factors impact outcomes and decisions. Anchored in human psychology, this model helps us understand the potential impact of uncertainties and variations, enabling more informed and robust decision-making. In our day-to-day lives, sensitivity analysis […]