Introduction In the realm of decision-making, understanding the various mental models that shape our thinking is vital for making rational and informed choices. One such mental model is Alloying, which influences our decisions by blurring the lines between different aspects of an issue, leading to irrational choices. Anchored in human psychology, Alloying is prevalent in […]
Introduction In the realm of decision-making, understanding the various mental models that shape our thinking is crucial for making informed and rational choices. One such mental model is Kinetics, which plays a significant role in our day-to-day lives, affecting personal decisions, business strategies, and even public policy-making. Rooted in human psychology, Kinetics refers to the […]
Introduction In the realm of decision-making, the Nash Equilibrium mental model plays a significant role. Coined after the brilliant mathematician John Nash, this concept seeks to explain a common phenomenon: individuals or groups, driven by self-interest, often make choices that are contrary to what may seem rational at first glance. Nash Equilibrium is not only […]