<aside> 💡 Mental Models vs. Cognitive Biases – Mental models are more tools for thinking or decision making (mostly constructive). Cognitive biases are distortions or illusions and are happening unconsciously (mostly destructive).

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Legend: 🎨 – palette marks things I created or renamed. Sort: on the top are concepts that are more active or relevant to me.

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For clearer thinking and “betterment”

Concepts

Antithesis

Foundation paralysis effect 🎨

Expected value

Local optimum

Explore vs. exploit

Prediction horizon 🎨

80/20 rule

Map vs. territory

Organic knowledge

Decision lock-in 🎨

Rumbling to understand 🎨

Guess to understand 🎨

Positive reinforcement rule 🎨

Local differences are exaggerated 🎨

Reference class forecasting