Repeated games with high stakes move decision-making toward rational models, while infrequent or low-stakes decisions suggest rule-of-thumb or heuristic models; organizational procedures are typically even less rational because they often encode historical decisions rather than current optimization.
factualpending
Speaker
Scott PageEvidence Quote
“if it's repeated a lot that should move you... towards irrational behavior... and if the stakes are huge that should move you towards rational behavior... if it's some sort of standard operating procedure... this is just how we do it”
Source
Mental Models for complexity | Scott Page and Shane Parrish | The Knowledge Project #55— The Knowledge Project PodcastCreated: 8/10/2026, 11:30:19 PM
My Notes
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