grade inflation and expectations inflation. Similarly, inflation as a concept applies outside of economics, e.g. Most references to “peak x” are an invocation of this model. For example, use of the mental model “peak oil” isn’t restricted to an energy context. Most of the mental models on this list are here because they are useful outside of their specific discipline.When you have a particular problem in front of you, you can go down this list, and see if any of the models could possibly apply.I’ve provided links (mainly to Wikipedia) to start that process. For mental models you don’t know or don’t know well, you can use this list as a jumping off point to study them.Therefore, here are two suggestions for using this list: And for that to happen naturally, you have to know them well and practice using them. To actually be useful, however, you have to apply them in the right context at the right time. I find mental models are useful to try to make sense of things and to help generate ideas. I hope to continue to revise it as I remember and learn more. This set is clearly biased from my own experience and surely incomplete. This post is my attempt to enumerate the mental models that are repeatedly useful to me. As Munger says, “80 or 90 important models will carry about 90% of the freight in making you a worldly‑wise person.” There is a much smaller set of concepts, however, that come up repeatedly in day-to-day decision making, problem solving, and truth seeking. There are tens of thousands of mental models, and every discipline has their own set that you can learn through coursework, mentorship, or first-hand experience. Hanlon’s Razor - “never attribute to malice that which is adequately explained by carelessness.”). More profoundly, though, it opened my mind to the power of seeking out and applying mental models across a wide array of disciplines.Ī mental model is just a concept you can use to help try to explain things (e.g. Īround 2003 I came across Charlie Munger’s 1995 speech, The Psychology of Human Misjudgment, which introduced me to how behavioral economics can be applied in business and investing. 2019 UPDATE: Since this post came out, I co-authored a book about it called Super Thinking: The Big Book of Mental Models.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |