Mental Models:

Know yourself, others and the ways in which we make decisions.

Mental Models

Decision making is a cognitive process and as with all processes they can be explained using models, in this case we’re talking about mental models.

There are 1000’s of mental models and understanding them will give you the tools to improve your decision making; strategic thinking and anticipating events. Our host, Simas kindly chose a few for us to get familiar with, they were:

  • Inversion 

As I understood it, this mental model requires that you start with the goal and work backwards to figure out what NOT to do to achieve this outcome as apposed to just planning what to do.

  • Confirmation Bias / Falsification

This mental model is where one actively tries to disprove their own ideas and beliefs – significantly harder to do than looking for evidence for.

  • Bayesian

I had a hard time wrapping my head around this mental model but what I did understand is that it is routed in probability and is a good mental model to learn about if your trying to improve your ability to anticipate events (or play chess)

  • Contrast principle

This was a much simpler mental model and a useful one to know if you’re in sales. The name pretty much gives it away but it revolves around the idea of making the object you wish to sell more desirable by contrasting it against an object that is less desirable initially.

This is my interpretation on things anyway but to get your information from a more reliable source I suggest you follow the links provided below and do your own reading.

Mental Models
Mental models effect our perception of the world
Useful Resources –

  • Mental Models, Princeton University.

http://mentalmodels.princeton.edu/about/what-are-mental-models/

  • Mental Models, Farnman Street Blog.

https://www.fs.blog/mental-models/

  • Charlie Munger and the Latticework, Farnman Street Blog.

https://www.fs.blog/charlie-munger/

  • Mental models, JamesClear.com

https://jamesclear.com/mental-models

  • 13 mental models every founder should know, Medium.com.

https://medium.com/the-mission/13-mental-models-every-founder-should-know-c4d44afdcdd

  • Confirmation Bias

https://www.verywellmind.com/what-is-a-confirmation-bias-2795024

  • Bayesian Theorem

https://www.fs.blog/2012/12/thomas-bayes-and-bayess-theorem/

https://betterexplained.com/articles/an-intuitive-and-short-explanation-of-bayes-theorem/

  • An Essay towards solving a Problem in the Doctrine of Chances.

http://www.stat.ucla.edu/history/essay.pdf