I’m currently completing the Quantic Executive MBA program.
One thing I love about the Quantic EMBA program is that it focuses on one subject at a time, which allows you to deep dive into an area — instead of running a few subjects in parallel.
The lesson content is excellent in it’s simplicity and accessibility — if you are new to any of the subject areas it breaks down concepts really well. However, I’ve found it really useful to supplement the coursework with some additional book and video content. …
This mental model originated in the field of psychology and behavioral economics. It’s a particularly crucial mental model for those of us interested in innovation, or anything that involves effecting change in ourselves, or in others. Read on to learn it now. 🧠
Status quo bias is the human tendency towards wanting things stay the same, and to perceive any change to the status quo as a loss.
Introducing anchoring — a crucial mental model from the discipline of psychology that is very relevant in your professional life, but also your personal life. Once you’re familiar with this one, you might just start to notice it everywhere! ⚓
Anchoring is a cognitive bias that describes the tendency for an individual to rely too heavily on an initial piece of information offered (known as the “anchor”) when making decisions.
So what does that mean in practice? There’s one study I like in particular that illustrates the phenomenon of anchoring quite nicely.
Researchers split a bunch of people into two…
This post covers a mental model that is one of the most pervasive biases of human life — confirmation bias.
Confirmation bias is our tendency to interpret things in a way that suits our preconceptions.
If I were to ask you “where is the nearest apple store?”
What comes into your mind?
If I know my audience, I bet that a few of you would think of this:
If you harbor the desire to have some idea what others mean when they mention entropy (or maybe even use it in a sentence yourself) — read on! Entropy is a mental model well worth learning.
Entropy is a concept from physics that initially stemmed from some ideas a guy called Rudolf Clausius had around thermodynamic processes.
The purists may hate me for this, but I’m going to really simplify the concept so that we can cover it in this short post. …
A fallacy generally refers to the results of some illogical reasoning. The straw man fallacy has to be one of the best named of all the fallacies! You’ll want to learn this mental model so you can listen out for it… 👂
The straw man fallacy occurs over a few stages:
As you can see, the straw man argument is…
Here’s a new mental model for you - cognitive reframing. It’s a fantastic concept from the discipline of psychology that is useful to apply both in personal and professional situations! 🧠
Cognitive reframing is a deceptively simple idea. It’s just looking at a given situation in a different way — or putting it in a new “frame” which could be more useful. (A frame in this sense is the complex set of your ideas, beliefs, value which are used to infer meaning on a situation.)
Reframing can be extremely helpful in problem solving and decision making. …
When I understood this mental model it actually made me a more kinder, happier person! Particularly in situations at work, with colleagues and customers.
It’s called the fundamental attribution error. It has a name that sounds a bit complicated, but bear with it, because it’s actually quite a simple concept when broken down.
When we come up with an explanation for the behavior of others psychologists call it attribution.
We make this attribution in two distinctly different ways:
Introducing one of the greats of the discipline of statistics — Sir Francis Galton! He brought us many crucial concepts including this mental model — Regression to the Mean (RTM).
This one fools many on a daily basis, and can feel a little counterintuitive at times — which makes it all the more important to internalize into your personal latticework of mental models! 🧠
The phenomenon that if a variable is extreme on its first measurement, it will tend to be closer to the average on its second measurement.
To understand this, let’s look at Sir Galton’s original study in…