Introduction The Fabian Strategy is a mental model rooted in the concept of deliberate and patient decision-making. Named after the Roman general Fabius Maximus, who employed a strategy of attrition and avoidance to defeat stronger enemies, this model emphasizes the value of cautious, incremental progress and the preservation of resources. Anchored in human psychology, the […]
Introduction In the realm of decision-making, the mental model of Autocatalysis unveils the powerful dynamics of self-reinforcing feedback loops that can shape our choices and behaviors. Anchored in human psychology, Autocatalysis plays a crucial role in our day-to-day lives, influencing the trajectory of our decisions. By comprehending this mental model, we can recognize its prevalence […]
Introduction In the realm of decision-making, the mental model of irreversibility holds significant sway over our choices and actions. Irreversibility refers to the perception that certain decisions or actions cannot be undone or reversed, leading individuals to make irrational choices that are contrary to their best interests. Anchored in human psychology, this mental model manifests […]
Introduction In the realm of decision-making, our cognitive biases can often lead us astray, hindering our ability to make rational choices. One such mental model that sheds light on this phenomenon is the Neglect of Base Rate. This model refers to our tendency to disregard the statistical base rate information when making judgments or predictions, […]
Introduction In the realm of decision-making, we often rely on mental models—cognitive frameworks that help us understand and interpret information. One such mental model, known as Okrent’s Law, sheds light on the irrational tendencies that can plague our choices. Coined by Daniel Okrent, the law captures the common occurrence of individuals or groups making decisions […]
Introduction In the realm of decision-making, humans are often influenced by various cognitive biases that can lead to irrational choices. One such bias is the Ostrich Effect, which refers to the tendency to avoid or ignore information that may be unsettling or inconvenient. Just like an ostrich burying its head in the sand to escape […]