Introduction In our complex world, making sound decisions is a crucial skill. However, our cognitive biases often lead us astray, hindering our ability to make rational choices. One such mental model that plays a significant role in decision-making processes is the Niches mental model. The Niches mental model refers to the tendency of individuals or […]
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 In the realm of decision-making, humans often find themselves ensnared in mental traps that hinder rational thought processes. One such cognitive bias, known as the Churn mental model, significantly impacts our ability to make sound judgments. Derived from the concept of churn in business, this model refers to the tendency of individuals or groups […]
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, the Emergencies mental model serves as a crucial point of consideration. Emergencies refer to situations that demand immediate action, often triggering a heightened sense of urgency and anxiety. This mental model explores how the perception of urgency can lead individuals to make hasty, irrational decisions that may not align […]
Introduction In the complex realm of decision-making, the mental model of Preferential Attachment emerges as a significant force. Rooted in human psychology, this concept suggests that individuals tend to favor options that have already gained popularity or resources. Preferential Attachment operates on the principle that the rich get richer and the popular get more popular. […]