LEVELS – A Whole New Level

#29 – Mental models and heuristics – shortcuts to be more productive (Sam Corcos & Ben Grynol)

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Oct 7, 2021
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ADVICE

Regret Minimization Framework

  • Use mental models to make faster decisions, imposing external structure on your decision-making process.
  • Consider if you would commit five years of your life to a project and if you'd regret it if it failed.
ANECDOTE

Bike Shedding

  • The "bike-shedding" anecdote illustrates how people focus on minor details instead of crucial decisions.
  • A city council spent more time debating bike shed details than a nuclear power plant proposal.
ADVICE

Default Alive vs. Default Dead

  • Prioritize ruthlessly by asking, "Is this what kills the company?"
  • Focus on achieving "default alive" status, where you can take bigger risks with longer time horizons.
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