Making Smart(er) Decisions And Avoiding Bad Ones - Deepstash

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Making Smart(er) Decisions And Avoiding Bad Ones

Making Smart(er) Decisions And Avoiding Bad Ones

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Mental models

They are chunks of knowledge that can be simplified and applied to better understand the world, by identify what information is relevant in any given situation, and the most reasonable parameters to work in. 

Mental models simplify complex processes.

 Reasons we fail to make the best decision possible

  • We’re (sometimes) stupid: irrational, tired or distracted;
  • We have the wrong information;
  • We use the wrong model;
  • We fail to learn;
  • We go with what's easy over what's right. 

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