Learn more about problemsolving with this collection
The impact of opportunity cost on personal and professional life
Evaluating the benefits and drawbacks of different choices
Understanding the concept of opportunity cost
"If I had an hour to solve a problem and my life depended on the solution, I would spend the first 55 minutes determining the proper question to ask, for once I know the proper question, I could solve the problem in less than five minutes."
ALBERT EINSTEIN
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First Principles Thinking
We normally use existing methodologies and analogies to solve problems, which is essentially short-cut thinking.
Engaging in 'First Principles Thinking' makes us discard existing knowledge, and get down to the essentials, exploring on our own and questioning everything. ...
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Using The First Principles Thinking
The First Principles Thinking can be applied in our daily life:
- Starting a business requires first principles thinking to build a fundamentally better product or service.
- On a busy day, first principles thinking makes us do what's essential while not being bogged d...
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Solving Difficult Problems
- Take moment and think of a problem bugging you and write all the reasons you think the problem is difficult to solve.
- With each of the reasons, self-verify by questioning yourself to see if it is valid or not.
- Keep asking yourself till you get to the root
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ALBERT EINSTEIN
Are questions more important than answers ?
Einstein reckoned that if he had an hour to solve a problem and his life depended on it, he’d spend the first fifty-five minutes making sure he was answering the right question.
4 Steps For First Principle Thinking
- Identify the problem you want to solve.
- List all the reasons you can't solve this problem.
- List all obvious solutions that apply but don't solve the problem adequately.
- Ask yourself: "If I could create a solution based on my desires, what ...
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