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What Is Mental Model ?
Mental models are tools to get clarity on how things work and helps make good decisions. This two concepts underlie everything you do.
For example, how does a rocket engine work (system)? And which type of rocket fuel should you use (decision)?
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Pareto principle
80/20 rule
For example, 80% of the value you get from socializing comes from the top 20% of your friends. So, preferentially strengthen relationships with those friends and drop many of the rest. Be cognizant of nourishing the friendships that matter.
Another example: 80% of your procrastination comes from 20% of your indulgences. So, place those 2-4 top indulgences out of arm’s reach, and you’ll see an outsized gain in weekly output.
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Long-term Decision: Regret Minimization
Make long-term life decisions using Regret Minimization: choose whichever option you’ll most regret not having pursued when looking back at the end of your life.
This is how you optimize for long-term fulfillment.
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Short-term: ICE
Make short-term decisions using the ICE model: When facing many options needing prioritization, score each on three variables using a scale of 1-10:
- How much positive Impact the option would have if it succeeded.
- The Confidence you have that this option will succeed if you attempt it.
- How Easy (low resource, low time) it would be to pursue this option.
Add the 1-10 scores together then divide by three to get your average. Repeat this exercise for each option you're considering then rank all the options by their ICE scores.
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Immediate: Eisenhower Matrix
The Eisenhower Matrix helps you make day-to-day decisions:
Make a 2x2 grid with its axes labeled "Important" and "Urgent."
Categorizse your daily tasks into the four quadrants and prioritize them in this order: important and urgent, important but non-urgent, unimportant but urgent, and unimportant and non-urgent.
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