What is The Regression to the Mean Mental Model?
Ever wondered why a star athlete’s record-breaking game often fades into mediocrity? Or why that lucky slot machine win feels […]
What is The Regression to the Mean Mental Model? Read More »
Ever wondered why a star athlete’s record-breaking game often fades into mediocrity? Or why that lucky slot machine win feels […]
What is The Regression to the Mean Mental Model? Read More »
Mental models are tools that make complex decisions easier. But what if timing is more important than the decision itself?
What is The First-Mover and Last-Mover Advantage Mental Model? Read More »
Imagine a world where your choices are influenced by forces you don’t see. This is the power of incentive-caused bias,
Imagine two people who are truly rational and share all their information openly. They can never agree to disagree, according
Ever thought how the same numbers can tell different stories? The Anscombe Quartet Mental Model uncovers this enigma. It presents
Have you ever wondered why governments grow during crises but don’t shrink back? The ratchet effect mental model explains this
Imagine this: Would you spend a $20 birthday check the same way you’d spend $20 from your paycheck? If not,
Have you ever trusted someone just because they smiled? Or bought something because your favorite person endorsed it? You’re not
Ever wondered why some people think they’re better drivers than everyone else, even when they’re not? The dunning-kruger effect explains
Why do you often choose a $5 latte today over saving for retirement? This is the magic of hyperbolic discounting,
What is The Hyperbolic Discounting Mental Model? Read More »