Kantian Fairness Tendency
Making systems fairer is more important than making them suitable for individuals.
Tragedy of the Commons
An individual overuses a shared resource rather than a group’s long-term preservation, leading to a negative outcome.
Bayes’ Theorem
A mathematical formula to evaluate anything in probabilities based on all the available data, rather than one’s own biases.
Prisoner’s Dilemma
A game that exhibits why two people might not cooperate, even when it’s in their best interest.
Porter’s Five Forces
The five forces that influence a company’s ability to serve its customers and profit.
Inversion
Don’t search for a solution by thinking linearly; consider outcomes you don’t want to occur first.
Social Proof
Individuals are influenced and mimic what others around them are doing — monkey see, monkey do.
Parkinson’s Law
Work expands to fill the time available for its completion.
Moral Hazard
An entity who does not have to bear the full responsibility for an action is likely to behave recklessly.
Prisoner’s Dilemma
A game that exhibits why two people might not cooperate, even when it’s in their best interest.
Porter’s Five Forces
The five forces that influence a company’s ability to serve its customers and profit.
Inversion
Don’t search for a solution by thinking linearly; consider outcomes you don’t want to occur first.
Social Proof
Individuals are influenced and mimic what others around them are doing — monkey see, monkey do.
Parkinson’s Law
Work expands to fill the time available for its completion.
Moral Hazard
An entity who does not have to bear the full responsibility for an action is likely to behave recklessly.
