Erik is joined on this episode by Scott Page (@Scott_E_Page), professor at the University of Michigan and author of The Model Thinker.
They talk about:
* The idea of the wisdom of crowds.
* Why cognitive diversity is important for a wise crowd.
* Whether individual experts or groups of ordinary people make better predictions.
* Which mental models VCs should be using.
* Why Scott says “mastery is knowing when to use the right mental model at the right time.”
* Why, if you’re watching basketball, you may as well be watching people roll a die.
... and much more.
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Venture Stories is brought to you by Village Global, is hosted by co-founder and partner, Erik Torenberg and is produced by Brett Bolkowy.
