The Importance of Decision-Making and Mental Models

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Decision-making is crucial and can have significant monetary value in the market.
Mental models are important in decision-making and can come from various sources such as evolutionary game theory and cryptography.
Complexity theory can help understand the limits of our knowledge and prediction capability.
Success is not just about making correct judgments but also about avoiding incorrect ones.
Building systems and creating the right environment can increase the likelihood of success.

No episode in the eight-year history of The Knowledge Project has made a bigger impact than when Naval Ravikant appeared on the show in 2017. Be it for longtime listeners who heard Naval when this episode first aired or for newer fans who missed Naval’s incredible insights, this is a must-listen to fans of The Knowledge Project and for those looking to hear from a deep thinker with an incredible wealth of insight. On this episode Naval and Shane dive deep into reading habits, getting the best information from the most reliable sources, mental models for making critical high-stakes decisions, avoiding overcommitting and staying focused on the most important projects, how to facilitate better learning for our children and Naval’s definition for the meaning of life. Naval Ravikant is the former CEO and co-founder of AngelList, a platform for startups, investors, and job seekers dedicated to democratizing the investment process. He has also invested in more than 100 companies, including Uber, Twitter, Yammer, and many others.

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