Opinions expressed by Entrepreneur contributors are their own. As a leader in your organization, you might as well be called “chief problem-solver.” But if you’re like most leaders, you might feel ...

The simple definition of a mental model is a description of how something works. We all have mental models for different types of systems and machines and organizations and even protocols for social ...

"Munger has adopted an approach to business and life that he refers to as worldly wisdom. Munger believes that by using a range of different models from many different disciplines--psychology, history ...

Opinions expressed by Entrepreneur contributors are their own. In a world where GPS is a thumb stroke away, most people take maps for granted. It’s hard to fathom that the oldest surviving maps had ...

Unfortunately, this book can't be printed from the OpenBook. If you need to print pages from this book, we recommend downloading it as a PDF. Visit NAP.edu/10766 to get more information about this ...

Mental models are cognitive tools that are particularly helpful in business since the stakes are high and the decisions can lead to outsized consequences. Bad decisions and silly mistakes are part of ...