What is a Mental Model?
It is the way your mind understands how something works. It is like a mental map or framework you use to interpret the world, solve problems, and make decisions.
Why it matters: Mental models help you make sense of complex situations without needing to analyze every detail from scratch.
The more (and better) mental model you have the better your judgement and problem solving become. Here are some useful Mental Models for LPM:
- Lean (Lean Thinking) and Agile (Agile Thinking)
- Systems and Science (Systems Thinking, Feedback Loop, Leverage, Game Theory, Entropy),
- General Thinking and Problem Solving (First Principles Thinking, Second-order thinking),
- Business and Economics (Opportunity Cost, Pareto Principle, Customer-centric prioritization, 2×2 Matrix),
- Psychology (Confirmation Bias, Loss Aversion. Social Proof),
- Strategy and Decision Making (Ockham’s Razor, Marginal Utility, Circle of Competence), etc.
