Mental Models in a Nutshell
Practical Thinking Frameworks to Amplify Your Decision Making and Simplify Your Life
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Narrated by:
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Eren Jaeger
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By:
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Thinknetic
About this listen
What would you do if there was a tool to help you make better decisions in less time? You'd jump at the chance, wouldn't you?
Imagine you're seven years old and you're at the candy store with your father. You've got 10 cents, and there are two treats you'd like to buy.
The trouble is, together, they cost 15 cents. As your father advised you, spending your money wisely would entail getting the most favorite treats you can afford. And you'd be satisfied with the purchase!
Eventually, you decide to get only one of your favored brands. That one costs 5 cents, and with 10 cents in your pocket, you can walk away with two of those. So ultimately, while you may not have gotten everything you desired, you still got some of what you wanted.
Believe it or not, you used a mental model to help you make that decision. Or rather, at seven, you would have had the help of one of your father's mental models.
As you grew, you would have added bits of your own experiences to this basic framework to help you make similar purchases in the future.
Based on this example, can you see how mental models work?
Mental models help you filter information, which allows you to see things more clearly and make better decisions.
Mental models are also a shortcut to finding the quickest and the best route to solve your problems, whether work-related or personal.
The beauty of mental models is that their variety is virtually infinite, and they help you come up with solutions for just about any issue.
So you're thinking about opening a business. You're not sure what kind of business will be best. The law of Supply and Demand can help. It dictates that companies provide the goods and services demanded by the public. The most profitable companies are those that do this best.
Armed with this knowledge, you can now narrow down your options considerably.
Another that can assist you with your plans is comparative advantage. If you have a particular set of skills, but not others, it may be more cost-effective for you to enter certain lines of business, where you'll have a comparative advantage over your competitors, but not others.
"Developing the habit of mastering the multiple models that underlie reality is the best thing you could do," according to Charlie Munger, who credits his success to the lifetime cultivation of a "latticework" of mental models on which to frame his decisions.
The problem with the average person's mental models is that most are not designed to handle complexity.
And while the conscious use of mental models is possible, they require higher-order thinking skills that few people engage in for various reasons. But that doesn't have to be you!
Inside you'll find:
- How mental models declutter your thinking and stimulate decision-making (warning: immediate impact on 4 cognitive processes!)
- The Master List of mental models (including the best two used by Munger)
- 3 characteristics that help you to spot an excellent mental model
- Why we don't use mental models and what we tend to do instead
- How to acquire the skills you need for building your great "latticework" of mental models
- How to make your mental toolkit resemble a Swiss army knife in 5 steps
Munger is not the only prominent figure to have tapped into the insights provided by mental models. Elon Musk and Jeff Bezos have also repeatedly cited the central role in their personal and professional lives.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2022 Thinknetic (P)2022 ThinkneticListeners also enjoyed...
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Not about algorithms. Not an original book.
- By Landon Rordam on 12-02-14
By: Luke Dormehl
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Superminds
- The Surprising Power of People and Computers Thinking Together
- By: Thomas W. Malone
- Narrated by: Mel Foster
- Length: 11 hrs and 11 mins
- Unabridged
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Many people today are so dazzled by the long-term potential for artificial intelligence that they overlook the much clearer and more immediate potential for a new form of "collective intelligence": the intelligence of groups of people and computers working together. In Superminds, Thomas Malone explains what we need to do to take advantage of this potential. Groundbreaking and utterly fascinating, Superminds will change the way you work - both with others and with computers - for the better.
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"Why did a Kenyan immigrant win the 2008 election"
- By RealTruth on 07-11-18
By: Thomas W. Malone
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I'm Afraid Debbie From Marketing Has Left for the Day
- How to Use Behavioural Design to Create Change in the Real World
- By: Morten Münster
- Narrated by: David Bateson
- Length: 9 hrs and 27 mins
- Unabridged
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With more than 50,000 copies sold in Denmark, this book has been on the bestseller list since its publication in 2017. Barack Obama used a secret competitive advantage to win two elections. Companies such as Google, Amazon and Novo Nordisk use the same insight to stir up innovation, increase compliance, improve the work environment and sell more products. And successful management groups in the C20 index have started using it as their preferred strategy. But what kind of insight are we talking about here? The answer is - behavioural design.
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Great, practical summary of behaviour design
- By Elena on 06-01-21
By: Morten Münster
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Gifts Differing
- Understanding Personality Type
- By: Isabel Briggs Myers, Peter B. Myers - with
- Narrated by: Patricia Rodriguez
- Length: 8 hrs and 21 mins
- Unabridged
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Like a thumbprint, personality type provides an instant snapshot of a person's uniqueness. Drawing on concepts originated by Carl Jung, this audiobook distinguishes four categories of personality styles and shows how these qualities determine the way you perceive the world and come to conclusions about what you've seen. It then explains what they mean for your success in school, at a job, in a career, and in your personal relationships.
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half/half
- By Lillianne on 03-19-19
By: Isabel Briggs Myers, and others
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Little Bets
- How Breakthrough Ideas Emerge from Small Discoveries
- By: Peter Sims
- Narrated by: John Allen Nelson
- Length: 5 hrs and 2 mins
- Unabridged
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What do Apple CEO Steve Jobs, comedian Chris Rock, prize-winning architect Frank Gehry, the story developers at Pixar films, and the Army Chief of Strategic Plans all have in common? Best-selling author Peter Sims found that all of them have achieved breakthrough results by methodically taking small, experimental steps in order to discover and develop new ideas.
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Useful approach, not for everyone
- By Tad Davis on 08-15-11
By: Peter Sims
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Mindware
- Tools for Smart Thinking
- By: Richard E. Nisbett
- Narrated by: Joe Barrett
- Length: 10 hrs and 17 mins
- Unabridged
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Many scientific and philosophical ideas are so powerful that they can be applied to our lives at home, work, and school to help us think smarter and more effectively about our behavior and the world around us. Surprisingly, many of these ideas remain unknown to most of us. In Mindware, the world-renowned psychologist Richard Nisbett presents these ideas in clear and accessible detail, offering a tool kit for better thinking and wiser decisions.
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Sound scientific advice on how to live your life
- By Neuron on 08-26-15
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Freedom Evolves
- By: Daniel C. Dennett
- Narrated by: Robert Blumenfeld
- Length: 11 hrs and 21 mins
- Unabridged
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Can there be freedom and free will in a deterministic world? Renowned philosopher Daniel Dennett emphatically answers "yes!" Using an array of provocative formulations, Dennett sets out to show how we alone among the animals have evolved minds that give us free will and morality. Weaving a richly detailed narrative, Dennett explains in a series of strikingly original arguments - drawing upon evolutionary biology, cognitive neuroscience, economics, and philosophy - that far from being an enemy of traditional explorations of freedom, morality, and meaning, the evolutionary perspective can be an indispensable ally.
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I knew I was going to like this book
- By Gary on 05-30-14
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Strategic Intuition
- The Creative Spark in Human Achievement
- By: Bill Duggan
- Narrated by: Dennis Holland
- Length: 6 hrs and 46 mins
- Unabridged
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How "Aha!" really happens....When do you get your best ideas? You probably answer "At night" or "In the shower" or "Stuck in traffic". You get a flash of insight. Things come together in your mind. You connect the dots. You say to yourself, "Aha! I see what to do." Brain science now reveals how these flashes of insight happen. It's a special form of intuition. We call it strategic intuition, because it gives you an idea for action - a strategy. This new book by William Duggan is the first full treatment of strategic intuition.
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Stratigic Intuition
- By Amazon Customer on 12-17-08
By: Bill Duggan
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In Defense of Troublemakers
- The Power of Dissent in Life and Business
- By: Charlan Nemeth
- Narrated by: Joyce Bean
- Length: 6 hrs and 2 mins
- Unabridged
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We've decided by consensus that consensus is good. In In Defense of Troublemakers, psychologist Charlan Nemeth argues that this principle is completely wrong: left unchallenged, the majority opinion is often biased, unoriginal, or false. It leads planes and markets to crash, causes juries to convict innocent people, and can quite literally make people think blue is green. In the name of comity, we embrace stupidity. We can make better decisions by embracing dissent. Dissent forces us to question the status quo, consider more information, and engage in creative decision-making.
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A Good Review of Group Thinking
- By J. Justice on 03-20-24
By: Charlan Nemeth
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The Future of the Professions
- How Technology Will Transform the Work of Human Experts
- By: Richard Susskind, Daniel Susskind
- Narrated by: John Lee
- Length: 12 hrs and 39 mins
- Unabridged
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This book predicts the decline of today's professions and describes the people and systems that will replace them. In an Internet society, according to Richard Susskind and Daniel Susskind, we will neither need nor want doctors, teachers, accountants, architects, the clergy, consultants, lawyers, and many others to work as they did in the 20th century.
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I Hope It's Not All True
- By John on 05-01-16
By: Richard Susskind, and others
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Power Listening
- Mastering the Most Critical Business Skill of All
- By: Bernard T Ferrari
- Narrated by: Sean Pratt
- Length: 5 hrs and 36 mins
- Unabridged
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Listening is harder than it looks - but it's the difference between business success and failure. Nothing causes bad decisions in organizations as often as poor listening. But Bernard Ferrari, adviser to some of the nation's most influential executives, believes that such missteps can be avoided and that the skills and habits of good listening can be developed and mastered. He offers a step-by-step process that will help you become an active listener, able to shape and focus any conversation.
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Better listening made easy
- By Alejandro A. on 09-07-12
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Simple Rules
- How to Thrive in a Complex World
- By: Donald Sull, Kathleen M. Eisenhardt
- Narrated by: Jeff Cummings
- Length: 7 hrs and 54 mins
- Unabridged
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We struggle to manage complexity every day. We follow intricate diets to lose weight, juggle multiple remotes to operate our home entertainment systems, face proliferating data at the office, and hack through thickets of regulation at tax time. But complexity isn't destiny. Sull and Eisenhardt argue there's a better way: by developing a few simple yet effective rules, you can tackle even the most complex problems.
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If you are in any sort of leadership position or plan to be, read this book
- By Rex on 06-09-15
By: Donald Sull, and others
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The End of Average
- How We Succeed in a World That Values Sameness
- By: Todd Rose
- Narrated by: Fred Sanders
- Length: 6 hrs and 31 mins
- Unabridged
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Are you above average? Is your child an A student? Is your employee an introvert or an extrovert? Every day we are measured against the yardstick of averages, judged according to how close we come to it or how far we deviate from it. The assumption that metrics comparing us to an average—like GPAs, personality test results, and performance review ratings—reveal something meaningful about our potential is so ingrained in our consciousness that we don't even question it. That assumption, says Harvard's Todd Rose, is spectacularly—and scientifically—wrong.
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Good intentions, terrible execution
- By Kristofer Jarl on 05-06-19
By: Todd Rose
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The Book of Why
- The New Science of Cause and Effect
- By: Judea Pearl, Dana Mackenzie
- Narrated by: Mel Foster
- Length: 15 hrs and 14 mins
- Unabridged
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"Correlation does not imply causation". This mantra has been invoked by scientists for decades and has led to a virtual prohibition on causal talk. But today, that taboo is dead. The causal revolution, sparked by Judea Pearl and his colleagues, has cut through a century of confusion and placed causality - the study of cause and effect - on a firm scientific basis.
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Great book! Not a great audiobook.
- By rrwright on 05-30-18
By: Judea Pearl, and others
What listeners say about Mental Models in a Nutshell
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- AdamD
- 03-16-23
Cliffs notes
Like most of Thinknetic books theuy encompass a lot of information from other sources and put it in one place bite sized and easy to understand
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- Freddie9999
- 07-01-22
Decisions, decisions
An excellent primer as to what to consider when having to make those hard decisions.
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- Michael Kimber
- 07-01-22
Did Not Meet My Expectations
I has high expecations, but this book did not meet them. The book was contained a wealth of interesting information, but little in the way information that I can apply on a daily basis.
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- Javier Lomeli
- 09-06-22
Very Empowering Message
The most powerful thing I got from this book was the ability to realize that there are other dimensions to my thought process. I coach growth minded leaders and it is absolutely necessary for me to help my clients see things from other angles/dimensions/sides. This book really empowers me in that process of growth! Keep it up!
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