Mental models in AI are like cheat sheets for your brain, giving algorithms a shortcut to smart solutions. They turn the “huh?” into “aha!” faster than you can say “neural network.”
Introduction Ever had a brilliant business idea pop into your head, only to realize it’s suspiciously similar to that TED Talk you watched last night? Welcome to the wild world of the Availability Heuristic! This sneaky mental shortcut makes us overestimate the likelihood of events we can easily remember, like that time your colleague’s presentation […]
Introduction Ever feel that conventional thinking just isn’t cutting it for those tricky business problems? It’s time to flip the script with the mental model of inversion – a game-changing tool that turns your perspective on its head and uncovers fresh insights. Popularized by Charlie Munger, Vice Chairman of Berkshire Hathaway, inversion encourages us to […]
Introduction Imagine you’re at a buffet, but every time you put something on your plate, one other dish disappears. That’s opportunity cost in a nutshell – the price of your choices isn’t just what you pick, but what you don’t. In business terms, it’s the potential benefit you give up when choosing one option over […]
What’s This Razor All About? Picture this: It’s the 14th century, and William of Ockham is tired of long-winded explanations from his subjects and the court probably. He grabs his philosophical razor and declares, “Keep it simple, stupid and that’s a Royal Order!” Okay, maybe not exactly, but that’s the gist of Occam’s Razor. It’s […]
What is the 80/20 Principle? This principle is named after Italian economist Vilfredo Pareto, who observed that 80% of Italy’s wealth belonged to only 20% of the population. Subsequently, Perry Marshall and Richard Koch, in their wonderful book: 80/20 Sales & Marketing, took the concept further. The 80/20 Principle Applied to Sales and Marketing My […]