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
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. This uncharted terrain takes us to the absolute truth which we call the First Principle. When we understand the core of the problem, we can build creative and unique solutions.
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MORE IDEAS ON THIS
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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"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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Other curated ideas on this topic:
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...
The Two Types of Thinking
Comparison thinking: comes up with solutions based on pre-existing ideas. It is the way we normally think but it also limits the solutions to possible permutations of what already exists.
First principles thinking: starts free of preconceptions by studying the fundamentals of ...
First Principles as An Innovation Drive
Many groundbreaking ideas have been a result of boiling things down to the first principles and then substituting one of the key parts for a more effective solution.
The best solution is often not where everyone is already looking. After getting to the fact...
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