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Midterm Exam

Page history last edited by Russell Terence Medina 2 years, 1 month ago

 


Circle of Competence
Know your weaknesses. Knowing your weaknesses will help you improve yourself. Example is when someone thinks that he or she is already perfect. Some of them don’t want to be corrected and causing them to make many mistakes.
 
First Principles Thinking
It’s when you make a new idea from an old idea. Getting some important information to make a better concept. Example of this are old Nokia phones to smartphones. Before, Texting and Calling were just the main functions of a phone but now people can use it for watching movies, playing games, read articles and etc.
 
Thought Experiments
Using thought experiments can be really helpful in solving difficult problems. It helps us learn from our past mistakes and correct them in the future if we ever encounter them again. An early example of a thought experiment is Zeno’s narrative of Achilles and the tortoise, dating to around 430 BC. Zeno’s thought experiments aimed to deduce first principles through the elimination of untrue concepts\

Second-Order Thinking
Second Order Thinking is like overseeing things. Yes, there could be bad consequences with some wrong decisions but the subsequent effect could also be good for the person. Example would be when someone has a test tomorrow and he/she is really stressed and decided to de-stress by playing a game for 3-4 hours. The consequence would be the wasted time for studying for the test. But the subsequent effect would be the person would be more inspired to work because the person was able to de-stress.
 
 
Probabilistic Thinking
It would really help us if we use Math and Logic in some of our decisions because math can never fail. For example, someone was given a chance to get 1 million pesos for 100% chance and the other choice would be 1 billion pesos for 50% the most fitting choice would be the 1 million pesos for 100% chance it would be logical because the chance is very high unlike the 50% the probability is lower.
 
Bayesian Updating
Not every information is relevant in making decisions or answers. Sometimes we need to search for newer information so that our decisions are updated and of course they should be supported with facts. An example would be someone making a paper for school and they simply copy paste from the source instead of searching and find new information to support their research.
Inversion
Sometimes we can solve our problems by thinking the other way around. For example, A person is avoiding his problems instead of solving them. No problems will be solved if he will not do anything to solve the problems.
Occam’s Razor
Sometimes it’s right to just use a simple solution or explanation to answer your problem. Example of this would be, you’re sitting in your living room and hear a loud noise coming from above. Should you assume that a low-flying airplane is flying overhead or a spaceship is right above your roof and about to abduct you. While both can be considered possible conclusions, the first one is a more likely explanation.
Hanlon’s Razor
We shouldn’t assume the worst that can happen in a situation. I think creating negative thoughts can contribute to the negative outcome of a future event. Example would be a person preparing dinner and he is thinking that the people that would be eating the dinner will not like the food.
 
Relativity
In order to understand a world you must be part of that world. You can’t just assume that you know everything about something when you don’t fully understand it and if you’re not involved with it. An example would be, a person rants about a movie without watching it or the trailer and etc.
 
Reciprocity
I see this mental model similar to the golden rule “do unto others as you would have them do unto you”. For example, a salesperson giving a freebie to a customer, hoping that it will lead them to return the favor by purchasing something.
 
 
Thermodynamics
In science we can’t create nor destroy energy. In life I think that energy represents the law that we have to follow. We can’t create them and we can’t disobey if we do there will be consequences.
Inertia
 
 
 
 
Friction and Viscosity
This mental model teaches us how to become more aware of our actions. We should always think carefully before we act. Life is like a rough surface if we act to fast without thinking properly, we can create problems unknowingly.
Velocity
We should learn to think slowly and we don’t base the speed of our progress. We should also learn to say “No” to things that we don’t really need in life. We should learn how to focus on the more important things that we need for our life goals. An example would be, when we see a post or tweet that our peers have jobs already at the age of 18 or 19 and yet we are still studying in college.
 
Leverage
We shouldn’t always thing that we are useless for not doing a large number of tasks in a day. Small progress is still progress no matter how small that task is it will still benefit you in the future. An example would be, when a person wants to be healthy and he is thinking that he is not working out enough. But every repetition or set will still count as a progress.
 
 
Activation Energy
Sometimes we just need a little bit of motivation to get started on something that we need to do. An example would be when a person wants to start saving for a pair of shoes that he really wants but he doesn’t feel the urge to save for it. But when he thinks that he will really be satisfied when he will be able to buy the shoes.
 
 
Catalysts
Some of our ideas cannot activate alone if we don’t update it with newer ideas.
 
 
Alloys
This mental model wants us to learn how to look closely on our peer capabilities and our own capabilities. Example, there are 2 people doing a thesis proposal it doesn’t meme that they don’t have the capabilities to work like they are just 2 people. They can also have the strength of 4 more people if they strive hard.
 
Evolution Part One: Natural Selection and Extinction
In this mental model it tells us that every person is unique and they evolve differently. It teaches us not to be insecure because we have our own way to live our lives and we should not compare our lives to others.
 
 
 
 
Evolution Part Two: Adaptation and The Red Queen Effect 
In this mental model it tells us that we need to learn how to rest. Moving too fast without knowing what to do will only make us exhausted and mentally drained. Example, when someone wants to climb a mountain or hill and he wants to climb It so fast he ended up getting exhausted and wasn’t able to reach the top
 
 
Ecosystems
 
 
Niches
 
Self-Preservation
This mental model teaches how to value self-worth. If we don’t have a strong faith on ourselves it will most likely disappear when not taken care of for a long time and we can damage others that are supporting us.
 
Replication
 
 
Cooperation
This mental model teaches us to cooperate with our peers even if we don’t know them. An example of this would be when a person wants to find a partner in class but he doesn’t know anyone in that class. Instead of doubting every person he should try to work with a person or a group.
 
 
Hierarchical Organization
 
 
Incentives
This mental model wants us to know that if we work we will get something from it. But some of us tend to think that we don’t get enough incentives from working. But we should also learn how to appreciate even the small things and still be thankful for them.
 
 
Tendency to Minimize Energy Output (Mental and Physical)
In life we need to learn how to minimize the work that we need to do in order to conserve some for our health.
 
Feedback loops
What I understand from this model is that we should be open to feedbacks negative or positive. It will help us assess ourselves more and it will help us see where we need to improve on or what we need to continue doing.
 
 
 
Bottlenecks and Constraint
 
 
 
Scale
This model teaches us that we need to observe, analyze and learn how to predict and use these 3 strategies so that we can have a good result in everything that we do.
 
Law of Diminishing Returns
 
 
Churn
If we lose something it doesn’t mean nothing will comeback to us. We have to be patient whenever we feel that we are not succeeding in life.
 
Preferential Attachment (Cumlutative Advantage)
 
 
 
 
 
Irreducibility
 
 
Margin of Safety and Backup Systems
We should always set little room for improvement. We are unaware of some complications that might come unexpectedly.
 
Algorithms
In life there will be many algorithms that we are going to encounter. It’s up to us how are we going to solve these.
 
 
Criticality
Whenever we finish a task and go to another it is the most important part because we have to do good so that the result is satisfying
 
Emergence
 
 
 
 
Distributions
 
 
Compounding
 
 
Law of Large Numbers
This mental model tells us that people tend to believe on a large majority of people rather than a small majority
 
 
Multiplying by Zero
This mental model shows that even how rich or poor a person is at the end of the day we are still human.
 
Algebraic Equivalence
 
 
 
Randomness
This model tells us that we have to be prepared for events that can unexpectedly happen to our lives
                           
 
 
 
Regression to the Mean
We should not think negatively and we shouldn’t doubt anything or anyone from succeeding when we see the fail the first time. Example, when a basketball team lost last season it doesn’t mean that they can’t win the next season.
 
Surface Area
This mental model can apply for some celebrities who only want fame and live by fame. Being too famous can also limit a celebrity’s private life.
 
Global and Local Maxima
In everything that we do there will always be hardships and we feel that we can’t succeed. We should feel that it is okay to be in the bottom first because we can’t move up if we always think that we are always on top.
 
Opportunity Costs
This model teaches us to prioritize things that are more important from the other things that we are doing. An example would be if someone was given 2 job offers and he can’t decide which one to get. He has to think hard if what are the opportunities that he will get and if he will benefit from it.
 
 
 
Creative Destruction
This mental model teaches that whenever we want to create new ideas we might destroy or change the old idea.
 
 
 
Comparative Advantage
This model tells us that we can work with our competitors and still benefit from one another.
 
 
 
Specialization (Pin Factory)
This model teaches us that whenever we are in a group work we shouldn’t force everyone and make them do things that they are not comfortable with. Instead we make them do things that they are good at.
 
Seizing the Middle
This model teaches us that we should always think on one direction which is in the middle because so that we are able to control the other directions that we are going to face.
 
Trademarks, Patents and Copyrights
 
 
Double-entry Bookkeeping
 
 
 
Utility (Marginal, Diminishing, Increasing)
 
 
 
Bribery
This model informs us that some people can win by giving someone money or a thing that can benefit them. Rich people use this skill to avoid getting punished for not following the law.
 
Arbitrage
 
 
 
Supply and Demand
In life we have our own equilibrium and it is always changing no matter what we do. It is just up to us how to balance everything.
 
Scarcity
This mental model teaches us how to decide even we have limited resources.
 
 
 
 

What I have learned from this story is that we have to learn how to relax when doing our job. It doesn’t mean that your peers are freaking out you have to freak out too. Relax and keep doing what is right for your job so that in the future you will be able to achieve the goal that you want to achieve.
 
Seeing The Front
This mental model teaches us to base from the first thing that we see in a problem. Without any help from other information.
 
Asymmetric Warfare
If we are given a situation where in we and our group of peers are to answer a specific question or activity. It doesn’t mean that we have to make our solution same as them.
 
Two-Front War
Sometimes we have to divide our attention to our tasks so that each task can progress slowly.
 
 
 
 
 
Counterinsurgency
This model tells us that we should fight back and do what is right. An example would be, when someone saw another person getting robbed. The person comes to save the other person and punches the robber and gives back the purse of the other person.
 
Mutually Assured Destruction
This model teaches us how to lose first before we can win. Sometimes we have problems that we can’t solve in 1 day.  
 
 
 
Trust
This model teaches us not only to trust our friends and family but we also have to trust the people who are working for us such as Firefighters, Policemen, Doctors, Nurses and etc.
           
 
Bias from Incentives
This model tells us that humans are very choosy in the rewards that they are receiving,
 
Pavlovian Association
 
 
Tendency to Feel Envy and Jealousy
This model teaches us to be more hardworking and get what we want instead of feeling envious or jealous towards others who are working hard for themselves.
 
 
 
 
Tendency to Distort due to Liking/Loving or Disliking/Hating
It doesn’t mean that we know a person that person is always right. It also doesn’t mean that when we don’t know person that person is already wrong.
 
Deniability
This mental model teaches us to deny bad things that come in our way.
 
Availability Heuristic
 
 
Representativeness Heuristic
 
 
Failure to Account for Base Rates
 
 
Tendency to Stereotype
This mental model is very negative for many people especially if the topic is about race.
 
Failure to see False Conjunctions
This mental model tells us that people tend to believe people who have better image that others.
 
Social Proof (Safety in Numbers)
We shouldn’t assume right away when we see a group of people because each person in that group has a different personality from the others. Example, you see a group of peers and you want to ask if someone plays basketball but you see them holding tennis rackets.
 
Narrative Instinct
It is better to send information to other people with a very powerful message or speaking with meaning.
 
Curiosity Instinct
Being curious is a good trait because this trait helps us explore everything that we want to know.
 
Language Instinct
This model tells us that whenever we tell information  it is better that all the people who are receiving the information understand the language that we are using.
 
First-Conclusion Bias
This model teaches to not to judge the book by it’s cover. We shouldn’t jump to conclusions very easily.
 
Tendency to Overgeneralize from Small Samples
This mental model tells us that some people tend to doubt a small group than a large group. Example would be girl gamers.  A majority of male players assume that they play with male players and they use the pronoun “he”.
 
Relative Satisfaction/Misery Tendencies
This mental model tells us that in every decision that we make we can experience happiness or sadness.
 
 
 
Commitment and Consistency Bias
This mental model tells us that we should be committed and consistent in everything that we do.
 
 
Hindsight Bias
This mental model tells us that we should think carefully in making decisions because we can’t turn back time.
 
Sensitivity to Fairness
This mental model tells us that we have to be fair in every situation or problem that we encounter.
 
 
Tendency to Overestimate Consistency of Behavior (Fundamental Attribution Error)
This mental model teaches us not to expect too much from out close peers. What if in the future they bail on us? Or they might go to somewhere very far from us and they won’t keep in touch.
 
Influence of Stress (Including Break Points)
This model shows us that stress can affect our performance in everything that we do.
 
 
Survivorship Bias
This model tells us that we shouldn’t always rely on history background whenever we want to idolize someone from the past.
 

There’s nothing wrong with trying to do something or trying to help on something. Because, we’ll never know if that effort on doing something might actually be a great help.
 
Falsification
We should learn how to throw away bad ideas so that there would be room for new great ideas that we can work on so that it will contribute for our future. 

 


 
Circle of Competence
Know your weaknesses. Knowing your weaknesses will help you improve yourself. Example is when someone thinks that he or she is already perfect. Some of them don’t want to be corrected and causing them to make many mistakes.
 
First Principles Thinking
It’s when you make a new idea from an old idea. Getting some important information to make a better concept. Example of this are old Nokia phones to smartphones. Before, Texting and Calling were just the main functions of a phone but now people can use it for watching movies, playing games, read articles and etc.
 
Thought Experiments
Using thought experiments can be really helpful in solving difficult problems. It helps us learn from our past mistakes and correct them in the future if we ever encounter them again. An early example of a thought experiment is Zeno’s narrative of Achilles and the tortoise, dating to around 430 BC. Zeno’s thought experiments aimed to deduce first principles through the elimination of untrue concepts.
Second-Order Thinking
Second Order Thinking is like overseeing things. Yes, there could be bad consequences with some wrong decisions but the subsequent effect could also be good for the person. Example would be when someone has a test tomorrow and he/she is really stressed and decided to de-stress by playing a game for 3-4 hours. The consequence would be the wasted time for studying for the test. But the subsequent effect would be the person would be more inspired to work because the person was able to de-stress.
 
 
Probabilistic Thinking
It would really help us if we use Math and Logic in some of our decisions because math can never fail. For example, someone was given a chance to get 1 million pesos for 100% chance and the other choice would be 1 billion pesos for 50% the most fitting choice would be the 1 million pesos for 100% chance it would be logical because the chance is very high unlike the 50% the probability is lower.
 
Bayesian Updating
Not every information is relevant in making decisions or answers. Sometimes we need to search for newer information so that our decisions are updated and of course they should be supported with facts. An example would be someone making a paper for school and they simply copy paste from the source instead of searching and find new information to support their research.
Inversion
Sometimes we can solve our problems by thinking the other way around. For example, A person is avoiding his problems instead of solving them. No problems will be solved if he will not do anything to solve the problems.
Occam’s Razor
Sometimes it’s right to just use a simple solution or explanation to answer your problem. Example of this would be, you’re sitting in your living room and hear a loud noise coming from above. Should you assume that a low-flying airplane is flying overhead or a spaceship is right above your roof and about to abduct you. While both can be considered possible conclusions, the first one is a more likely explanation.
Hanlon’s Razor
We shouldn’t assume the worst that can happen in a situation. I think creating negative thoughts can contribute to the negative outcome of a future event. Example would be a person preparing dinner and he is thinking that the people that would be eating the dinner will not like the food.
 
Relativity
In order to understand a world you must be part of that world. You can’t just assume that you know everything about something when you don’t fully understand it and if you’re not involved with it. An example would be, a person rants about a movie without watching it or the trailer and etc.
 
Reciprocity
I see this mental model similar to the golden rule “do unto others as you would have them do unto you”. For example, a salesperson giving a freebie to a customer, hoping that it will lead them to return the favor by purchasing something.
 
 
Thermodynamics
In science we can’t create nor destroy energy. In life I think that energy represents the law that we have to follow. We can’t create them and we can’t disobey if we do there will be consequences.
Inertia
 
 
 
 
Friction and Viscosity
This mental model teaches us how to become more aware of our actions. We should always think carefully before we act. Life is like a rough surface if we act to fast without thinking properly, we can create problems unknowingly.
Velocity
We should learn to think slowly and we don’t base the speed of our progress. We should also learn to say “No” to things that we don’t really need in life. We should learn how to focus on the more important things that we need for our life goals. An example would be, when we see a post or tweet that our peers have jobs already at the age of 18 or 19 and yet we are still studying in college.
 
Leverage
We shouldn’t always thing that we are useless for not doing a large number of tasks in a day. Small progress is still progress no matter how small that task is it will still benefit you in the future. An example would be, when a person wants to be healthy and he is thinking that he is not working out enough. But every repetition or set will still count as a progress.
 
 
Activation Energy
Sometimes we just need a little bit of motivation to get started on something that we need to do. An example would be when a person wants to start saving for a pair of shoes that he really wants but he doesn’t feel the urge to save for it. But when he thinks that he will really be satisfied when he will be able to buy the shoes.
 
 
Catalysts
Some of our ideas cannot activate alone if we don’t update it with newer ideas.
 
 
Alloys
This mental model wants us to learn how to look closely on our peer capabilities and our own capabilities. Example, there are 2 people doing a thesis proposal it doesn’t meme that they don’t have the capabilities to work like they are just 2 people. They can also have the strength of 4 more people if they strive hard.
 
Evolution Part One: Natural Selection and Extinction
  1.  
In this mental model it tells us that every person is unique and they evolve differently. It teaches us not to be insecure because we have our own way to live our lives and we should not compare our lives to others.
 
 
 
 
Evolution Part Two: Adaptation and The Red Queen Effect 
  1.  
In this mental model it tells us that we need to learn how to rest. Moving too fast without knowing what to do will only make us exhausted and mentally drained. Example, when someone wants to climb a mountain or hill and he wants to climb It so fast he ended up getting exhausted and wasn’t able to reach the top
 
 
Ecosystems
 
 
Niches
 
Self-Preservation
This mental model teaches how to value self-worth. If we don’t have a strong faith on ourselves it will most likely disappear when not taken care of for a long time and we can damage others that are supporting us.
 
Replication
 
 
Cooperation
This mental model teaches us to cooperate with our peers even if we don’t know them. An example of this would be when a person wants to find a partner in class but he doesn’t know anyone in that class. Instead of doubting every person he should try to work with a person or a group.
 
 
Hierarchical Organization
 
 
Incentives
This mental model wants us to know that if we work we will get something from it. But some of us tend to think that we don’t get enough incentives from working. But we should also learn how to appreciate even the small things and still be thankful for them.
 
 
Tendency to Minimize Energy Output (Mental and Physical)
  1.  
In life we need to learn how to minimize the work that we need to do in order to conserve some for our health.
 
Feedback loops
What I understand from this model is that we should be open to feedbacks negative or positive. It will help us assess ourselves more and it will help us see where we need to improve on or what we need to continue doing.
 
 
 
Bottlenecks and Constraint
 
 
 
Scale
This model teaches us that we need to observe, analyze and learn how to predict and use these 3 strategies so that we can have a good result in everything that we do.
 
Law of Diminishing Returns
 
 
Churn
If we lose something it doesn’t mean nothing will comeback to us. We have to be patient whenever we feel that we are not succeeding in life.
 
Preferential Attachment (Cumlutative Advantage)
 
 
 
 
 
Irreducibility
 
 
Margin of Safety and Backup Systems
We should always set little room for improvement. We are unaware of some complications that might come unexpectedly.
 
Algorithms
In life there will be many algorithms that we are going to encounter. It’s up to us how are we going to solve these.
 
 
Criticality
Whenever we finish a task and go to another it is the most important part because we have to do good so that the result is satisfying
 
Emergence
 
 
 
 
Distributions
 
 
Compounding
 
 
Law of Large Numbers
This mental model tells us that people tend to believe on a large majority of people rather than a small majority
 
 
Multiplying by Zero
This mental model shows that even how rich or poor a person is at the end of the day we are still human.
 
Algebraic Equivalence
 
 
 
Randomness
This model tells us that we have to be prepared for events that can unexpectedly happen to our lives
                           
 
 
 
Regression to the Mean
We should not think negatively and we shouldn’t doubt anything or anyone from succeeding when we see the fail the first time. Example, when a basketball team lost last season it doesn’t mean that they can’t win the next season.
 
Surface Area
This mental model can apply for some celebrities who only want fame and live by fame. Being too famous can also limit a celebrity’s private life.
 
Global and Local Maxima
In everything that we do there will always be hardships and we feel that we can’t succeed. We should feel that it is okay to be in the bottom first because we can’t move up if we always think that we are always on top.
 
Opportunity Costs
This model teaches us to prioritize things that are more important from the other things that we are doing. An example would be if someone was given 2 job offers and he can’t decide which one to get. He has to think hard if what are the opportunities that he will get and if he will benefit from it.
 
 
 
Creative Destruction
This mental model teaches that whenever we want to create new ideas we might destroy or change the old idea.
 
 
 
Comparative Advantage
This model tells us that we can work with our competitors and still benefit from one another.
 
 
 
Specialization (Pin Factory)
This model teaches us that whenever we are in a group work we shouldn’t force everyone and make them do things that they are not comfortable with. Instead we make them do things that they are good at.
 
Seizing the Middle
This model teaches us that we should always think on one direction which is in the middle because so that we are able to control the other directions that we are going to face.
 
Trademarks, Patents and Copyrights
 
 
Double-entry Bookkeeping
 
 
 
Utility (Marginal, Diminishing, Increasing)
 
 
 
Bribery
This model informs us that some people can win by giving someone money or a thing that can benefit them. Rich people use this skill to avoid getting punished for not following the law.
 
Arbitrage
 
 
 
Supply and Demand
In life we have our own equilibrium and it is always changing no matter what we do. It is just up to us how to balance everything.
 
Scarcity
This mental model teaches us how to decide even we have limited resources.
 
 
 
 

What I have learned from this story is that we have to learn how to relax when doing our job. It doesn’t mean that your peers are freaking out you have to freak out too. Relax and keep doing what is right for your job so that in the future you will be able to achieve the goal that you want to achieve.
 
Seeing The Front
This mental model teaches us to base from the first thing that we see in a problem. Without any help from other information.
 
Asymmetric Warfare
If we are given a situation where in we and our group of peers are to answer a specific question or activity. It doesn’t mean that we have to make our solution same as them.
 
Two-Front War
Sometimes we have to divide our attention to our tasks so that each task can progress slowly.
 
 
 
 
 
Counterinsurgency
This model tells us that we should fight back and do what is right. An example would be, when someone saw another person getting robbed. The person comes to save the other person and punches the robber and gives back the purse of the other person.
 
Mutually Assured Destruction
This model teaches us how to lose first before we can win. Sometimes we have problems that we can’t solve in 1 day.  
 
 
 
Trust
This model teaches us not only to trust our friends and family but we also have to trust the people who are working for us such as Firefighters, Policemen, Doctors, Nurses and etc.
           
 
Bias from Incentives
This model tells us that humans are very choosy in the rewards that they are receiving,
 
Pavlovian Association
 
 
Tendency to Feel Envy and Jealousy
This model teaches us to be more hardworking and get what we want instead of feeling envious or jealous towards others who are working hard for themselves.
 
 
 
 
Tendency to Distort due to Liking/Loving or Disliking/Hating
It doesn’t mean that we know a person that person is always right. It also doesn’t mean that when we don’t know person that person is already wrong.
 
Deniability
This mental model teaches us to deny bad things that come in our way.
 
Availability Heuristic
 
 
Representativeness Heuristic
 
 
Failure to Account for Base Rates
 
 
Tendency to Stereotype
This mental model is very negative for many people especially if the topic is about race.
 
Failure to see False Conjunctions
This mental model tells us that people tend to believe people who have better image that others.
 
Social Proof (Safety in Numbers)
We shouldn’t assume right away when we see a group of people because each person in that group has a different personality from the others. Example, you see a group of peers and you want to ask if someone plays basketball but you see them holding tennis rackets.
 
Narrative Instinct
It is better to send information to other people with a very powerful message or speaking with meaning.
 
Curiosity Instinct
Being curious is a good trait because this trait helps us explore everything that we want to know.
 
Language Instinct
This model tells us that whenever we tell information  it is better that all the people who are receiving the information understand the language that we are using.
 
First-Conclusion Bias
This model teaches to not to judge the book by it’s cover. We shouldn’t jump to conclusions very easily.
 
Tendency to Overgeneralize from Small Samples
This mental model tells us that some people tend to doubt a small group than a large group. Example would be girl gamers.  A majority of male players assume that they play with male players and they use the pronoun “he”.
 
Relative Satisfaction/Misery Tendencies
This mental model tells us that in every decision that we make we can experience happiness or sadness.
 
 
 
Commitment and Consistency Bias
This mental model tells us that we should be committed and consistent in everything that we do.
 
 
Hindsight Bias
This mental model tells us that we should think carefully in making decisions because we can’t turn back time.
 
Sensitivity to Fairness
This mental model tells us that we have to be fair in every situation or problem that we encounter.
 
 
Tendency to Overestimate Consistency of Behavior (Fundamental Attribution Error)
This mental model teaches us not to expect too much from out close peers. What if in the future they bail on us? Or they might go to somewhere very far from us and they won’t keep in touch.
 
Influence of Stress (Including Break Points)
This model shows us that stress can affect our performance in everything that we do.
 
 
Survivorship Bias
This model tells us that we shouldn’t always rely on history background whenever we want to idolize someone from the past.
 

There’s nothing wrong with trying to do something or trying to help on something. Because, we’ll never know if that effort on doing something might actually be a great help.
 
Falsification
We should learn how to throw away bad ideas so that there would be room for new great ideas that we can work on so that it will contribute for our future.
 

 

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