Scribd
Upload
485 views

Mental Models Checklist PDF

This document contains a checklist of over 60 cognitive biases and behavioral economics concepts. Some of the key items included are: anchoring bias, availability heuristic, loss aversion, status quo bias, cognitive dissonance, hindsight bias, attribution error, and confirmation bias. The checklist serves as a reference for common ways human judgment and decision-making can go awry due to cognitive limitations and psychological factors.

Uploaded by

faisalzaheer
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
485 views

Mental Models Checklist PDF

This document contains a checklist of over 60 cognitive biases and behavioral economics concepts. Some of the key items included are: anchoring bias, availability heuristic, loss aversion, status quo bias, cognitive dissonance, hindsight bias, attribution error, and confirmation bias. The checklist serves as a reference for common ways human judgment and decision-making can go awry due to cognitive limitations and psychological factors.

Uploaded by

faisalzaheer
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

Mental Models Checklist http://www.mymentalmodels.info/checklistpdf v0.

95
- WYSIATI (What You See Is All There Is) - Power Laws: 80/20
- Associative Machine - Expected Value
- Always Trying to Find the Why - Regression to Mean: Height, Performance (punishment/praise no impact)
- Incentives/Rewards: System Gaming, Intrinsic/Extrinsic, FedEx - Long Tail: Amazon, Specialization
- Doubt-Avoidance: Fast Decisions, Avoid Too Many Options - Law of Small Numbers: Worst and Best Schools are the Smallest
- Consistency: Verbalized, Ben Franklin Borrowing Book from 'Enemy' - Meehl Pattern: Experts and Low/High Validity Environments
- Fairness: Individual vs Group
- Clanning: Convergence/Divergence (Granfalloon) - Sunk Cost
- Diffusion of Responsibility/Bystander Apathy - Time Value of Money
- Envy - Advantages of Scale vs Specialization
- Reciprocity: Concessions - Creative Destruction: Wave-riding, Stick-to-Ribs
- Mere-Association: Pavlov, Good & Bad, Stereotypes, Messenger - Comparative Advantage: Tiger Woods & Lawn
- Overconfidence: Choose Lottery Number vs Generated, Endowment ('Mine') - Opportunity Cost: Options Not Chosen
- Overoptimism: Newlyweds, Base Rate Neglect - Agency Costs
- Loss-Aversion: Deprival, 2.5x, Almost-Possessed: Bar-Bar-Lemon - Tragedy of the Commons/Prisoner's Dilemma/Red Queen Effect
- Contrast: Order of Homes Shown by Realtor - Moral Hazard
- Availability: Easy, Recent, Vivid - Cascades, Frequency vs *Fluency* - Gresham's Law: Bad Drives Out Good (Money/Behavior)
- Authority: Milgram Experiments, Nurse/Doctor (Credibility) - Mathew Effect: Small Initial Advantage Snowballs
- Reason-Respecting: Why/Because - Diminishing Returns: Fatigued Worker
- Scarcity: Limited Time, Going Fast
- Status-Quo: Default Option, Effort Minimization - Critical Mass: Non-linearity, Tipping Points, M-Stan vs E-Stan
- Priming/Anchoring: Scary Movies, SS#, Smiling, Think Elderly: Walk Slower - Redundancy: Fail-Safes, Backups
- Confirmation: Prove Existing Beliefs, Ignore Opposing Evidence - Constraints: Bottlenecks/Weak Links
- Hindsight: Monday Morning QB, Sense-making, Story, Outcome Bias - Evolution: Selfish Gene, Caveman Syndrome
- Mental States: Willpower, Glucose, Mood (Good:Creative/Bad:Rational) - Tight Coupling: Dependent Components
- Survivorship/Absence Blindness (don't see mutual funds that failed) - Break Points
- Framing: Loss vs Gain - Feedback Loops: Positive & Negative
- Cognitive Switching Penalty vs Flow (no such thing as multitasking) - Autocatalysis: Disney Movie Catalog -> VHS
- Affect: Emotion, Fear of Flying - Equilibrium: Static vs Dynamic
- Dunning-Kruger: Competence Levels (don't know what you don't know) - Complex Adaptive Systems: Participants Change the System
- Man-with-Hammer - Collective Intelligence: Crowdsourcing, Diversity
- Social Proof: Line Lengths Example, Peers Have Most Pull - Emergence: Whole is Greater than Sum of Parts
- Base Rates: Conjunction Bias, Bayes: Base Rate >= New Data
- Curse of Knowledge - Meta-cognition: System 1/2, Growth Mindset, Optimism, Mindfulness
- Pain-Avoiding Denial - Checklists: do-confirm, read-do
- Operant Conditioning: By Consequences, Reward/Punish - Invert: How Not To
- Attribution Error: Me: circumstances, Them: innate traits - Disconfirming Evidence: Disprove
- Pygmalion Effect: Expectations Influence Performance - Outside View: What Usually Happens
- Mere-Exposure: Familiarity -> Liking - Broad Framing: Risk Policies, Decisions in Aggregate
- Halo Effect: Order When Grading Essays, Online Reviews - 2nd/3rd Order Consequences: Peltzman/Seat Belts
- Four Fold Pattern: Risk & Loss vs Gain - Possibility Effect, Certainty Effect - Perfect vs Good: Sometimes Better to Just Do than Wait and Perfect
- Remembering Self: Peak-End Rule, Focusing Illusion (misjudge impact) - Lollapaloozas
- Negativity Dominance: Loss -> Fight Harder - Pre-mortem: Assume Failure, Explain Why

You might also like