Skip to contentBusiness Lessons from Mahabharata: Overcoming Sunk Cost Fallacy and Improving Decision Making
Picture this: It’s game night, and you’re playing a high-stakes game of dice with your friends. You’ve already lost a few rounds, and you’re…
The Dunning-Kruger Effect and the Rise and Fall of Theranos: A Cautionary Tale
The story of Theranos is more than just a case of fraud and deception—it’s a textbook example of the Dunning-Kruger Effect in action. Elizabeth…
Understanding Chesterton’s Fence: Don’t Change What You Don’t Understand
In 1985, McDonald’s decided to make a bold move – they introduced a new burger (🍔) in brand new packaging. They believed the new…
Second-Order Thinking: The Importance of Considering Ripple Effects
In 1960, a small hygiene campaign started by the Chinese government ended up contributing to the Great Chinese Famine that killed millions of people.…
Diderot Effect: How IKEA Encourages You to Buy More
I just wanted a new TV. A sleek, 55-inch QLED with razor-thin bezels. Nothing extravagant—just an upgrade. Then, my old Xbox One looked outdated.…
The Regret Minimization Framework: Jeff Bezos’ Key to Life-Changing Decisions
Ever found yourself at a crossroads, heart pounding, as you ponder over a decision that could redefine your life? Picture this: a young Jeff…
STRONG OPINIONS, LOOSELY HELD – A FRAMEWORK TO MAKE DECISIONS
You should take the approach that you’re wrong. Your goal is to be less wrong. Elon Musk This quote perfectly sums up the concept…
WHY SHOULD YOU NEVER SPLIT THE DIFFERENCE?
We don’t compromise because it’s right; we compromise because it is easy and because it saves face. We compromise in order to say that…