Chapter
Applications of Mental Models in Decision Making
01:55 - 06:40 (04:45)
The use of mental models can be equated to plugging in various apps for different decision-making situations, making life less overwhelming. The strategy involves taking the 10% that covers 90% and applying different strategies from big disciplines, resulting in better everyday decision-making.
Clips
The use of mental models as decision-making tools is similar to using apps on an operating system, while Tim Ferriss's approach involves taking strategies from different disciplines, including biology and microeconomics, and applying them to everyday life.
01:55 - 04:17 (02:22)
Summary
The use of mental models as decision-making tools is similar to using apps on an operating system, while Tim Ferriss's approach involves taking strategies from different disciplines, including biology and microeconomics, and applying them to everyday life. This strategy forms a lattice work of knowledge from various big disciplines, rather than just specializing in one area.
ChapterApplications of Mental Models in Decision Making
Episode#069 - George MacGill - Mental Models 101 - How To Make Better Decisions
PodcastModern Wisdom
Munger and Buffet suggest focusing on avoiding stupidity instead of seeking excellence.
04:17 - 06:40 (02:23)
Summary
Munger and Buffet suggest focusing on avoiding stupidity instead of seeking excellence. One example is the inversion technique which involves flipping one's thought process.