5 posts tagged with "Mental Models"

Donella Meadows' Thinking in Systems is one of those books that changes how you see things.

Behavioral finance studies how people actually make financial decisions, not how rational actors theoretically should.

Pasteur's line - "luck favors the prepared mind" - sounds like generic advice, but there's something real in it.

Bounded rationality is Herbert Simon's term for how people actually make decisions, as opposed to how economic models assume they do.

Game theory is a framework for thinking about strategic decisions - situations where your best move depends on what others do.