The Twaddle Tendency refers to a mental model first expounded by Charles T. Munger, Vice Chairman of Berkshire Hathaway. In his seminal work, “Poor Charlie’s Almanack,” Munger presents this tendency as one…
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!
Pavlovian Conditioning: A Comprehensive Exploration of Classical Conditioning
“The most basic learning process is conditioning… it is the main way all organisms adapt to their environment to increase survival and reproduction,” asserted Richard F. Thompson, a renowned neuroscientist. Indeed, the…
Unraveling the Contrast Mis-reaction Tendency: A Deep Dive into this Powerful Mental Model
“The human mind, I think, cares nothing for the inside of good sound logic but just for the result that makes sense to its own workings.” – Charles Darwin. Darwin’s quote speaks…
Unveiling the Intricacies of the Liking Bias: A Comprehensive Exploration
Liking bias, an influential concept in psychology, social science, and business, is a mental model that suggests we are more inclined to agree with, believe, and favor people or things we like….
The Law of Small Numbers: A Comprehensive Analysis
The law of small numbers, a concept derived from behavioral economics, posits that individuals tend to infer patterns and trends from a relatively small amount of data, even when such inferences are…
The “Do Something Bias”: A Comprehensive Exploration of the Innate Urge to Act in Decision-Making
The human mind, a marvel of evolution, possesses an intricate web of cognitive processes that govern how we perceive, analyze, and respond to the world around us. However, amidst its brilliance, the…
Variable Reinforcement: Understanding its Impact and Application
Mental models serve as our internal blueprints for understanding the world around us, shaping our behaviors, decision-making, and problem-solving strategies. One such influential mental model is that of “Variable Reinforcement.” Rooted in…
System 1 and System 2 Thinking: Unraveling the Dual Processes of the Mind
Daniel Kahneman, a distinguished psychologist and Nobel laureate, has significantly contributed to our understanding of human decision-making and cognitive processes. One of his seminal theories, the dual-process theory of thinking, distinguishes between…
How We Understand the World: The Power of Mental Models
Mental models represent the inherent framework that we use to perceive the world, understand it, make decisions, and even predict possible outcomes of our actions. They are deeply rooted in our experiences,…
The art of borrowing: Understanding the pros and cons of Good Debt vs. Bad Debt
What is Good Debt? Good debt refers to borrowed money used for investments or purchases that have the potential to increase your financial well-being or generate long-term benefits. Unlike bad debt, which…