Author: Finance Infopedia

Permutation and combination are fundamental concepts in mathematics that play a crucial role in various fields, including probability theory, statistics, cryptography, and computer science. These concepts provide a systematic way to count…

Throughout history, societies have been fascinated by the idea of “What if?”—the exploration of alternative scenarios and outcomes that could have unfolded if key historical events took a different turn. This mental…

Journaling is a time-honored practice that has been embraced by countless individuals throughout history as a means of introspection, self-expression, and personal growth. It involves the act of putting thoughts, emotions, and…

In the quest for more effective ways of understanding and retaining information, a mental model called “Active Reading” has become an invaluable tool. Unlike passive reading, where readers might skim the text…

Storytelling is an intrinsic part of human culture and communication, used to convey ideas, values, and experiences. It has evolved beyond mere entertainment to become a crucial mental model in various fields,…

In the study of psychology and cognitive science, various mental models help us understand the patterns and biases that underlie human thinking. One intriguing model is the “Reason-Respecting Tendency.” This concept helps…

The principle of reciprocation is one of the foundational concepts in human behavior and psychology. It forms a part of what renowned psychologist and investor Charlie Munger refers to as the “latticework…

Status Quo Bias is a cognitive bias that refers to the preference for the current state of affairs. People tend to resist change and are more likely to select something that they’re…

Throughout history, humans have been captivated by the allure of chance and probability, often seeking to understand and predict the outcomes of uncertain events. However, in this pursuit, our minds can occasionally…