The Best Mental Models
The Circle of Competence is a mental model that involves developing a knowledge of what specific areas an individual has an understanding of or experience in. Everyone has built up useful knowledge in some area of the world. By realizing where your strengths lie, you can determine the areas where you have very little familiarity and avoid them to... See more
What is the Circle of Competence and How Do You Find Yours? | MyWallSt
It’s crucial for us to understand as many mental models as possible. As the adage goes, a little knowledge can be dangerous and creates more problems than total ignorance. No single model is universally applicable – we find exceptions for nearly everything. Even hardcore physics has not been totally solved.
Farnam Street • All Models Are Wrong
Reasoning by analogy, or copying what others are doing, is sort of like being a cover band where you’re playing somebody else’s music. Whereas with first-principles thinking, you go back to the fundamental raw materials of music, which are the notes, and then you build an original song from scratch. That is first-principles thinking.
Lenny Rachitsky • First-Principles Thinking
Incentives are what drive human behavior. If you want to change the way people behave, think about changing their incentives. Most people look at the function utility instead of the emotional benefit. What’s the real human motivation for expensive headphones is not to hear better but for reputation and status
People who learn to extract the key ideas from new material and organize them into a mental model and connect that model to prior knowledge show an advantage in learning complex mastery. A mental model is a mental representation of some external reality.
Henry L. Roediger III • Make It Stick
At its core, Occam’s Razor is a principle that suggests that when faced with competing explanations for an event or occurrence, you should select the explanation that makes the fewest number of assumptions.
