Useful Mental Models (2016)
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Useful Mental Models (2016)
1–10 of 75 posts
Re: Useful Mental Models (2016)
#2Re efficient market hypothesis + five forces: new markets are inefficient and you can sit on top of a big opportunity. More, when your company has real customer leads and profits.
Re: Useful Mental Models (2016)
#3What does LRU (least recently used) have to do with picking the highest-priority problem?
But overall, pretty good overview and I appreciate the links to other sources.
Re: Useful Mental Models (2016)
#4I appreciate the planning fallacy. I usually do this implicitly but I just changed an expected timeline on a JIRA epic from 80 hours to 160 days after reading this.
Re: Useful Mental Models (2016)
#5I appreciate the planning fallacy. I usually do this implicitly but I just changed an expected timeline on a JIRA epic from 80 hours to 160 days after reading this.
"I can look through all of my emails before the end of the day"
Re: Useful Mental Models (2016)
#6A personal favorite on the subject of mental models:
A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business
Charles Munger, USC Business School, 1994
Re: Useful Mental Models (2016)
#7The founder of DuckDuckGo published a similar list of mental models a little before this one. His list is longer, but there is some overlap between it and this one:
https://medium.com/@yegg/mental-models-i-find-repeatedly-use...
Re: Useful Mental Models (2016)
#8Kent Beck has a similarly-themed list of mental models:
https://www.facebook.com/notes/kent-beck/a-searching-and-fea...
I love the idea of cataloging your interests at this high-level of abstraction, and wish it were more common.
Re: Useful Mental Models (2016)
#9It would be good to include some mental models for attitude towards money. Things I have noticed about myself:
No problem paying for something that absolutely needs to be done. E.g. repair a leak in the roof. Replace something.
Don't notice money spent on regular monthly payments. E.g. mortgage.
Don't notice $1000 spent as 50*$20 but more frightening to spend $1000 at once.
Fear of loss when investing is big. It feels like such a leap of faith to invest in anything.
However spending the same money as the investment on a holiday is OK for some reason.
Easier emotionally to not earn $1000 than to earn it and spend it, even though the financial outcome is the same. Has nothing to do with working hard etc.
It's hard to hodl!
Re: Useful Mental Models (2016)
#10lots of models for combating optimism, but few for combating pessimism.
written for sure from the perspective of an optimist.