Chapter
Second and Third Order Thinking
47:20 - 53:33 (06:13)
The concept of second and third order thinking involves predicting whether a decision will lead to a good outcome over a longer period of time, considering first, second, and third order consequences.
Clips
The speaker discusses the importance of high agency behavior in standing out from the crowd and achieving success, illustrating the difference between those who simply consume knowledge and those who take action on it.
47:20 - 48:39 (01:19)
Summary
The speaker discusses the importance of high agency behavior in standing out from the crowd and achieving success, illustrating the difference between those who simply consume knowledge and those who take action on it.
ChapterSecond and Third Order Thinking
Episode#069 - George MacGill - Mental Models 101 - How To Make Better Decisions
PodcastModern Wisdom
Asymmetry is an upside and downside risk relationship which can be applied as a mental model.
48:39 - 49:36 (00:57)
Summary
Asymmetry is an upside and downside risk relationship which can be applied as a mental model. Examples include texting while driving, drink driving and unprotected sex, where the benefits are small and the risks are catastrophic.
ChapterSecond and Third Order Thinking
Episode#069 - George MacGill - Mental Models 101 - How To Make Better Decisions
PodcastModern Wisdom
The concept of second and third order thinking is important in predicting the future consequences of a decision.
49:36 - 53:33 (03:56)
Summary
The concept of second and third order thinking is important in predicting the future consequences of a decision. It involves analyzing not only the immediate effects but also the ripple effects that impact the future.