A Mental Model Collection
(gratitude to Charlie Munger)
A Mental Model Collection
(gratitude to Charlie Munger)
Pareto Principle: 80/20 rule.
Occam's Razor: Favor simple answers.
Hindsight Bias: Past seems predictable.
Reciprocity: Kindness begets kindness.
Opportunity Cost: Consider value of missed alternatives.
Confirmation Bias: New info. clouded by existing beliefs.
Eisenhower Matrix: Urgency vs. importance.
Maslow's Hierarchy: Needs progression, survival to self-actualization.
Dunning-Kruger Effect: Ignorance breeds confidence.
Game Theory: Tit for Tat with a balance to altruisum.
Moral Licensing: Good acts justifying bad ones.
Groupthink: Consensus over criticism.
Loss Aversion: Fearing losses over gains.
Peter Principle: Promotion until incompetence.
Self-Serving Bias: Success claimed, failure orphaned.
Serenity Prayer: Acceptance vs. change.
Antifragility: Instead of weakening, shocks reinforce
Sunk Cost Fallacy: Beware doubling down instead of cutting.
Inversion: Reverse problem-solving.
Circle of Competence: Know limits of your expertise.
Checklist Manifesto: Decision-making aids.
Contrarian Thinking: Challenge consensus.
Intellectual Yet Idiot: Knowledge lacks wisdom.
Framing Effect: Presentation impacts choices.
Paradox of Choice: Fewer options, better choices.
Disconfirmation Bias: Challenge accepted info.
Recency Bias: Recent events influence.
Counterfactual Thinking: What if scenarios.
Feedback Loops: Iterative improvements.
Correlation vs. Causation: Cause isn't correlation.
First Principles Thinking: Fundamentals first.
Anchoring Bias: Initial info influences.
Default Effect: Preset options sway.
Biased Samples: Watch for bias.
Averages Deception: Averages can deceive.
Graph Manipulation: Visual tricks.
Lack of Context: Data needs context.
Misleading Correlations: Watch false causation.
Statisticulation Tricks: Percentages can deceive.
Extrapolation Errors: Risky predictions.
Availability Heuristic: Ease of recalling info in thinking.
Halo Effect: One good trait generalizes.
Black Swan Effect: Limitations of past data in prediction.
Endowment Effect: Overvaluing own possessions.
Size of House is inversely proportional to happiness
Time Discounting: Valuing money less if in future.
Regret Minimization: Act to minimize regret in future.
Von Restorff Effect: Unique stands out.
Green Lumber Fallacy: Knowledge isn't understanding.
Barbell Strategy: Balancing extremes of risk and safety
Via Negativa: Exploring something from what it is not.
Probability Weighting: Overestimate small and underestimate large probabilities