Heuristics
Bounded Rationality
Second-Order Thinking
Lateral Thinking
Moonshot Thinking
Biases
Dunning-Kruger Effect
Straw Man Fallacy
Gambler’s Fallacy
Base Rate Fallacy
Pygmalion Effect
Barnum Effect
Bottom-Dollar Effect
Bye-Now Effect
Butterfly Effect
IKEA Effect
Halo Effect
Occam’s Razor
Mandela Effect
Crowding-Out Effect
Bandwagon Effect
Key Highlights
- Heuristics: Fast and accurate decision-making in uncertainty.
- Bounded Rationality: Decision-making in the real world, following satisficing.
- Second-Order Thinking: Considering future consequences of decisions.
- Lateral Thinking: Approaching problems creatively and unconventionally.
- Moonshot Thinking: Setting ambitious 10X goals and experimenting.
- Biases: Systematic errors impacting decision-making under uncertainty.
- Dunning-Kruger Effect: Overestimating abilities and making poor decisions.
- Straw Man Fallacy: Misrepresenting arguments for easier rebuttal.
- Gambler’s Fallacy: Mistaken belief in past events influencing the future.
- Base Rate Fallacy: Inaccurately judging the likelihood of events.
- Pygmalion Effect: Higher expectations leading to increased performance.
- Barnum Effect: Believing generic information is personalized.
- Bottom-Dollar Effect: Disliking purchases that exhaust the budget.
- Bye-Now Effect: Confusing “buy” with “bye” influences decision-making.
- Butterfly Effect: Small actions leading to significant consequences.
- IKEA Effect: Valuing self-made creations more.
- Halo Effect: Overall impression influencing perception of businesses.
- Occam’s Razor: Simplicity as the best solution.
- Mandela Effect: Shared false memories of events.
- Crowding-Out Effect: Public sector spending reducing private sector spending.
- Bandwagon Effect: Belief adoption increasing with group adoption.
Read Next: Heuristics, Biases.
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