Mental Models: The Best Way to Make Smart Decisions
Mental models are a theoretical or scientific framework used for making decisions based on how someone believes the world works.…
Helping Traders Thrive
Mental models are a theoretical or scientific framework used for making decisions based on how someone believes the world works.…
It is important to know what persuades us to make the decisions we do in life whether it is in…
The law of small numbers is a fallacy that leads people to believe that a small sample size of data…
Sturgeon’s law states “Ninety percent of everything is crap.” The saying came from the science fiction writer Theodore Sturgeon. Sturgeon…
Recency bias is a cognitive based bias that gives more meaning to the most recent events that have happened versus…
A cognitive bias is a mental pattern that breaks from logic, reason, and the ability to rationally judge something through…
Mental models are used as frameworks and filters and a way to think about the world and make the right…
Mental models are tools used to explain the process and theory a person uses to understand how something works in…
There are two different methods for reasoning, inductive and deductive. While deductive reasoning looks for certainties, inductive reasoning is used…
A mental model is an explanation of someone’s thought process about how something works in the real world. It is…