Decision Mental Models

Once we have the building blocks of some topic, we can choose a subset of them to build new ideas, apply to understand other topics, solve problems, and so on.

This framework helps you assign and do work that must be done.

It's the more effective way to think about projects and situations because it makes thinks happen sooner, better, and more successfully.

Opportunity cost is the loss of the benefit that could have been enjoyed if the best choice was chosen instead.

This theory states that humans discount the value of a later reward by some factor that increases with the delay's length.