Contents
Contents
Mental model
Availability Heuristic
We judge the likelihood of events based on how easily examples come to mind, not
Mental model
Anchoring
The first piece of information encountered disproportionately influences all sub
Mental model
Bandwagon Effect
People adopt beliefs, behaviours, and trends simply because others have — popula
Mental model
Bystander Effect
The more people present during an emergency, the less likely any individual is t
Mental model
Cognitive Dissonance
When beliefs and actions contradict, the resulting psychological discomfort driv
Mental model
Confirmation Bias
The tendency to seek, interpret, and remember information that confirms existing
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— [Sam Walton](/people/sam-walton)"I have concentrated all along on building the best retail company that we possibly could. Period. Creating a huge personal fortune was never particularly a goal of mine."
Present Bias applied the Compounding mental model
Present Bias applied the Perceived Value mental model
Present Bias applied the Trade-offs mental model
Present Bias applied the Present Bias mental model
Present Bias applied the Cost mental model
Present Bias applied the Hyperbolic Discounting mental model