by Juan Carlos Piñeiro Escoriaza | Feb 14, 2021 | Business, Leadership, Mental Models, Product, Thinkers
Twaddle Tendency Definition An inclination to speak or write foolishly, espousing nonsense. The difficulty with relating trivial information is that it can lead to performing meaningless actions and negatively impact those doing meaningful work. So, if you don’t have... 
by Juan Carlos Piñeiro Escoriaza | Feb 1, 2021 | Business, Leadership, Mental Models, Product, Thinkers
Kantian Fairness Tendency Definition Making systems fairer is more important than making them suitable for individuals. Sometimes sacrifices are necessary to achieve broader goals. Why Use It Humans share a desire for fairness at any cost, and this need can be at odds... 
by Juan Carlos Piñeiro Escoriaza | Jan 17, 2021 | Business, Leadership, Mental Models, Product, Thinkers
Tragedy of the Commons Definition An individual overuses a shared resource for an immediate gain rather than a group’s long-term preservation, leading to a negative communal outcome. For example, a seaman finds a spot where the fish are plentiful, others hear of the... 
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... 
