by Juan Carlos Piñeiro Escoriaza | Dec 21, 2020 | Business, Leadership, Mental Models, Product, Thinkers
Bayes’ Theorem Definition A mathematical formula to evaluate anything in probabilities based on all the available data, rather than one’s own biases. Why Use It Say someone in a family argues their chain-smoking grandfather, who lived to see 100 years old, is... 
by Juan Carlos Piñeiro Escoriaza | Dec 7, 2020 | Business, Leadership, Mental Models, Product, Thinkers
Prisoner’s Dilemma Definition The prisoner’s dilemma is a game that exhibits why two people behaving rationally might not cooperate, even when it’s in their best interest. The original game is about two separated prisoners who cannot communicate;... 
by Juan Carlos Piñeiro Escoriaza | Nov 23, 2020 | Business, Leadership, Mental Models, Product, Thinkers
Porter’s Five Forces Definition The five forces that influence a company’s ability to serve its customers and profit are: The threat of substitute products or services The threat of established rivals The threat of new entrants The suppliers’ bargaining power... 
