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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)?
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.
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.
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:
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.
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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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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