Introduction The Fabian Strategy is a mental model rooted in the concept of deliberate and patient decision-making. Named after the Roman general Fabius Maximus, who employed a strategy of attrition and avoidance to defeat stronger enemies, this model emphasizes the value of cautious, incremental progress and the preservation of resources. Anchored in human psychology, the […]
Introduction The Shirky principle, named after technology writer Clay Shirky, refers to the tendency of individuals or groups to resist taking action or making decisions when they perceive the effort or cost involved to be higher than the potential benefit. This mental model is deeply rooted in human psychology and can significantly impact our decision-making […]
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 our complex and ever-changing world, making decisions is an integral part of our lives. Whether it’s choosing between career paths, deciding on public policies, or even making personal choices, we are constantly faced with the challenge of finding the right balance. One mental model that often influences our decision-making is the concept of […]
Introduction: In the realm of decision-making, a critical turning point known as the Minsky Moment can have profound consequences. Coined by economist Hyman Minsky, this mental model refers to a sudden collapse or crisis that occurs when participants in an economy or market become overly optimistic and take on excessive risk. The Minsky Moment is […]
Introduction In the realm of decision-making, the human mind is prone to biases and fallacies that can lead us astray. One such mental model that profoundly impacts our choices is the concept of Moral Hazard. Coined in the field of economics, Moral Hazard refers to the phenomenon where individuals or groups, protected from the negative […]