- Mental models are systems or frameworks of thinking (e.g. the concept of economies of scale, compound interest)
- They help you assess how things work and help you make better decisions.
- Knowing multiple mental models does not imply that will have solutions for any situation. However, they are strongly increasing your chances.
- The disadvantage of a model is that it is still a model, a simplification or reduction of reality
- This is explained by the concept "The map is not the territory", where to represent in all details a region, you would need a map to be the same size as the zone that it represents, making it impractical and unrealistic
- As your muscles and body are getting stronger when you are exercising at the gym, the similar thing happens with your mind when you are learning and using new mental models.
- Negative Brainstorming
- Regret Minimization
- Second-Order Thinking
- Six Thinking Hats
- First Principles
- Theory of Constraints
- ICE Prioritization
- Mental model examples How to actually use them