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, the mental model of Probability Distributions plays a crucial role. It involves understanding the likelihood of various outcomes and their associated probabilities. This model is deeply anchored in human psychology, as we strive to make sense of uncertain events and predict their potential outcomes. This blog post explores the […]
Introduction The Gambler’s Ruin is a mental model that explores the fallacy of believing in a winning streak or an eventual reversal of fortunes. It refers to the tendency of individuals to continue gambling or taking risks based on the expectation that they will eventually overcome losses or achieve a positive outcome. This model is […]
Introduction In the realm of decision-making, we often encounter a phenomenon known as the “Chilling effect.” This mental model refers to the tendency of individuals or groups to refrain from taking certain actions or expressing themselves due to fear of negative consequences. The chilling effect arises from a combination of cognitive biases, social dynamics, and […]
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 our daily lives, we rely on mental shortcuts and biases to make decisions quickly. While these cognitive processes often serve us well, they can also lead us astray. One such mental model is the Normalcy Bias, a tendency to underestimate the possibility of disruptive events and cling to the familiar. This blog post […]