Introduction In the intricate landscape of decision-making, our perceptions of satisfaction play a crucial role. The Relative Satisfaction mental model refers to our tendency to evaluate our satisfaction based on relative comparisons rather than absolute standards. Anchored in human psychology, this model significantly impacts our decision-making processes and can lead to irrational choices contrary to […]
Tag: social comparison
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 […]