Introduction In the realm of decision-making, the Keynesian Beauty Contest is a mental model that sheds light on the intricate relationship between human psychology and rationality. Coined by renowned economist John Maynard Keynes, this concept explores how individuals make choices based not on their personal preferences but on what they believe others’ preferences to be. […]
Introduction Reciprocity, as a mental model, refers to the human tendency to respond to positive actions with similar positive actions. It is a fundamental aspect of social interaction and plays a significant role in decision-making processes. Understanding the concept of reciprocity is crucial as it influences our relationships, negotiations, and even our own self-perception. In […]
Introduction In the world of decision-making, the concept of critical mass plays a significant role. It refers to the point at which an idea, behavior, or trend reaches a threshold of adoption, leading to a self-sustaining momentum. Understanding the critical mass mental model is crucial as it sheds light on the power of influence, social […]
Introduction In the vast ocean of decision-making, we often find ourselves riding the waves of various mental models. One such model, known as “Surfing,” captures the essence of a psychological bias that affects our choices and actions. Surfing refers to the tendency to make decisions based on the current circumstances, rather than considering the long-term […]