The Bystander Effect is a profound psychological phenomenon that occurs when individuals are less likely to offer help or intervene in an emergency situation when other people are present. This mental model…
Author: Finance Infopedia
Hello,
I'm Ashlin Joby Thekkan, hailing from the enchanting state of Kerala, India. For the past decade, I've immersed myself in the domains of personal finance management and equity investing, acquiring significant expertise in these fields.
During this journey, I discovered a concerning gap in financial literacy, affecting even those with advanced education. This realization spurred a desire to bridge this gap and guide others toward sound financial decisions.
Motivated by this goal, I turned to blogging as the ideal platform to connect with a wide audience. Thus, Finance Infopedia was born—a dedicated space where I simplify complex financial concepts and offer actionable insights.
Through Finance Infopedia, my mission is to make financial wisdom accessible to all, regardless of background or education. I invite you to join me on this exciting journey as we work together to achieve financial literacy and success!
The Power of Social Proof: Understanding the Psychological Phenomenon
In the ever-evolving landscape of human psychology, a fascinating mental model known as “Social Proof” has emerged as a powerful force that shapes our decisions, behaviors, and perceptions. As social beings, we…
The Power Law: Understanding an Essential Mental Model
The Power Law is a mathematical concept and a mental model that pervades various aspects of our lives. It’s a principle that describes how, in many situations, a small number of items…
Tragedy of the Commons: A Comprehensive Understanding
The “Tragedy of the Commons” is a concept that has become central to the understanding of shared resource systems. It was popularized by ecologist Garrett Hardin in his 1968 paper, “The Tragedy…
Understanding Externalities: The Invisible Side Effects Shaping Our World
In the world of economics and decision-making, there exists a powerful mental model known as “Externalities.” This concept highlights the intricate and often unnoticed interactions between individuals and entities in society. It…
Moral Hazard: A Comprehensive Examination
Moral hazard is an economic concept that occurs when an individual or entity takes more risks because someone else bears the cost of those risks. A moral hazard may happen when an…
Game Theory: Understanding the Science of Strategic Decision-Making
Game theory is a fascinating branch of mathematics and social science that analyzes the strategic interactions among individuals or entities with conflicting interests. Developed initially as a tool for understanding economic behavior,…
The Law of Diminishing Marginal Utility: Understanding the Psychology of Satisfaction
In the world of economics and consumer behavior, the “Law of Diminishing Marginal Utility” is a fundamental concept that sheds light on how individuals perceive and derive satisfaction from consuming goods and…
Unraveling the Mental Model of Thermodynamics: Understanding the Dynamics of Energy
Thermodynamics is a fundamental branch of science that governs the behavior of energy and its transformations within various systems. It is a mental model that underpins the physical world’s behavior, from the…
Feedback Loops: A Comprehensive Exploration with Literature Insights
Feedback loops are fundamental concepts in various domains including systems thinking, engineering, biology, economics, and psychology. At its core, a feedback loop is a process where the output of a system is…