Tag
economics
Entries tagged with economics - exploring this theme across cognitive biases, logical fallacies, mental models, and more.
9 concepts
Goodhart's Law
When a measure becomes a target, it ceases to be a good measure.
Logical FallacyLump of Labour Fallacy
The mistaken belief that there is a fixed amount of work available in an economy, so one group's gain must be another's loss.
Political TheoryNeoliberalism
The political project that made free-market competition the default logic of everything, from public services to how we see ourselves.
Systems ThinkingNetwork Effects
When a product, platform, or system becomes more valuable to each user as more people use it - creating powerful winner-take-all dynamics.
Mental ModelOpportunity Cost
Every choice has a hidden price tag: the value of the next-best thing you gave up by choosing this one.
Systems ThinkingPath Dependence
Where you end up depends on where you started - and the route you took matters more than the destination you intended.
Political TheoryRegulatory Capture
When the agencies meant to regulate an industry end up serving its interests instead.
Psychological PhenomenonRelative Deprivation
Feeling worse off based on who you compare yourself to, not on what you actually have.
Cognitive BiasZero-Sum Thinking
The assumption that any situation is a competition where one person's gain must be another's loss.