We often make assumptions that are reasonable in one context, abstract it into a guideline and apply that guideline to a new situation. Often, it is difficult to assess whether these situations are close enough to apply what we know to what we don't. At base, this is the problem of induction. There is no … Continue reading One and One Sometimes Equals Eleven
Tag: decision-making
Mental Models: How to Train Your Brain to Think in New Ways
"A mental model is an explanation of how something works. It is a concept, framework, or worldview that you carry around in your mind to help you interpret the world and understand the relationship between things. Mental models are deeply held beliefs about how the world works... ...To quote Charlie Munger again, '80 or 90 … Continue reading Mental Models: How to Train Your Brain to Think in New Ways
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