Learnings Mental Models

The Luxury Paradox: Understanding the Mental Trap and Navigating Rational Decision-Making

Introduction In our pursuit of a better life, we often find ourselves drawn to the allure of luxury. The concept of luxury encompasses the notion of exclusivity, opulence, and indulgence. However, the Luxury Paradox highlights a counterintuitive phenomenon where the pursuit and acquisition of luxury goods or experiences can lead to less satisfaction and suboptimal […]