Introduction In the realm of decision-making, our minds are prone to various cognitive biases that can lead us astray. One such bias is Survivorship Bias, which refers to our tendency to focus on successful outcomes or observations while ignoring the failures or entities that have fallen by the wayside. This blog post aims to explore […]
Introduction In the realm of decision-making, the concept of First-Movers and Last-Movers Advantage plays a significant role in shaping our choices. This mental model revolves around the idea that being the first to enter a market or adopting a particular strategy can provide a competitive advantage. Conversely, there are situations where being a late entrant […]