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Mental Models
Mental Models
Name
Notes
Summary
1
First Principles Thinking
Open
First Principles Thinking is a mental model that involves breaking down complex problems into basic fundamental truths and building up from there.
2
Circle of Competence
Open
The Circle of Competence can be summarized as a mental model that focuses on staying within one's area of expertise and knowledge when making decisions or investments.
3
Inversion
Open
Inversion is a mental model that involves thinking about the opposite of what is desired in order to achieve the desired outcome.
4
Occam's Razor
Open
Occam's Razor is a mental model that suggests choosing the simplest explanation when faced with multiple options.
5
Pareto Principle
Open
The Pareto Principle is a mental model that suggests 80% of effects come from 20% of causes.
6
Confirmation Bias
Open
Confirmation Bias is a mental model where people tend to seek information that confirms their pre-existing beliefs and ignore information that contradicts them.
7
Dunning-Kruger Effect
Open
The Dunning-Kruger Effect is a mental model that describes the phenomenon where individuals with low ability in a particular area tend to overestimate their competence, while those with high ability tend to underestimate their competence.
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