Mental models are cognitive frameworks or ways of thinking that individuals use to navigate and make sense of the world around them. While there are countless mental models that people use, some common ones include confirmation bias, where individuals tend to interpret information in a way that confirms their preexisting beliefs; availability heuristic, where people base their judgments on readily available information or examples; and sunk cost fallacy, where individuals continue with a course of action simply because they have already invested time, money, or effort into it, even if it no longer serves their best interests. These mental models can influence decision-making and shape our perceptions of reality, sometimes leading to biases and flawed judgments.
This mind map was published on 7 September 2023 and has been viewed 95 times.