The 10 Most Useful Mental Models | Scott H Young

www.scotthyoung.com

A mental model is a pattern in reality that shows up again and again. Once you recognize one, it starts to pop-up everywhere. Understand how it works, and you can recognize something deep about the universe.

Some of my favs on the list, his concise explanations are superb:

  1. Marginal Benefit matters more than averages.
  2. Compounding: Rate of growth depends on amount you already have. Applies to effort as well as assets.
  3. Feedback causing negative or positive loops.
  4. Nash Equilibria - a revealing human decision-making principle.

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