Mental model examples: How to actually use them - Deepstash

Mental model examples: How to actually use them

## 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:

1. How much positive Impact the option would have if it succeeded.
2. The Confidence you have that this option will succeed if you attempt it.
3. 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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CURATED BY

My Talent = To learn anything

## MORE LIKE THIS

Mental Models: The Best Way to Make Intelligent Decisions (~100 Models Explained) - Farnam Street

First Principle Thinking - How Great Minds Think

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