by Taz | Mar 17, 2021 | Thinking Tools
By now, you may already know something about cognitive biases, but you probably haven’t given too much thought to how they interact. Charlie Munger, an incredibly successful investor, coined the Lollapalooza effect to describe the interactions between cognitive biases...
by Taz | Feb 16, 2021 | Self Development, Tools
We like to think of human memory in a similar way to a computer’s memory. But this is far from the truth. Unlike machines, encoding a memory requires us to work with how our minds evolved to build memories. We can’t just recall everything we hear or see. The Feynman...
by Taz | Jan 24, 2021 | Mental Models, Thinking Tools
“Patients can have as many diseases as they damn well please.” John Hickam Occam’s Razor implies that the simplest answer is usually the correct one. This is often not the case in the medical profession. The body is a complicated organism with a lot of moving...
by Taz | Nov 11, 2020 | Economics, Mental Models, Psychology
The lipstick effect defies what most people would come to expect during an economic downturn. The theory states that during a recession, the sales for lipstick nearly always increase. This has been shown in many cases, and it continues to perplex economists. A few...
by Taz | Oct 21, 2020 | Philosophical Razors, Thinking Tools
Hume’s guillotine is a mental model for separating facts from values. In the words of David Hume himself, “If the cause, assigned for any effect, be not sufficient to produce it, we must either reject that cause, or add to it such qualities as will give it a just...
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