Eureka Newsletter Archive

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Circle of Competence

The Circle of Competence is a mental model that emphasizes the importance of understanding and focusing on the areas in which an individual has expertise, knowledge, or skills.

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PERMA Model

The PERMA Model is a framework for understanding and promoting well-being using five essential elements that contribute to human happiness and flourishing.

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Sunk Cost Fallacy

The Sunk Cost Fallacy is a cognitive bias where individuals or organizations continue to invest resources, such as time, money, or effort, into a decision or project based on the amount they have already invested, rather than evaluating the current and future value of the decision.

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SMART Goals

The SMART criteria provide a framework for setting effective goals that are clear, actionable, and have a high likelihood of being achieved.

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Opportunity Cost

Opportunity cost is an essential concept in economics and decision-making that refers to the value of the next best alternative that is forgone when a choice is made.

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Parkinson's Law

Parkinson's Law states that the amount of work required to complete a task will expand to fill the time allotted for its completion.

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Brandolini’s Law

Brandolini's Law, also known as the Bullshit Asymmetry Principle, is a concept that highlights the asymmetrical effort required to create false or misleading information (easy) versus the effort required to debunk it (difficult).

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Survivorship Bias

Survivorship Bias is a common logical error that occurs when we concentrate only on the successes and winners of a particular process or event, while ignoring the failures and losers.

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Cobra Effect

The Cobra Effect is a phenomenon in which interventions designed to solve problems end up creating unintended negative consequences.

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Cassandra Predicament

The Cassandra Predicament refers to the challenge of trying to persuade others to take action based on information that is not yet widely accepted.

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Economies of Scale

Economies of scale refer to the cost savings that come from producing goods or services in larger quantities.

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Pareto Principle

Also known as the 80/20 Principle, the Pareto Principle states that roughly 80% of effects come from 20% of causes.

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