Utterly ignorant

We all are more ignorant than knowledgeable.

There is just too much to know out there. The amount of data is just ridiculous. And know, with the mischievous social media, our filtering systems would never be able to process all there is and selecting just what we need for the matter at hand.

So starting from this first principle “We will ALWAYS make decisions with incomplete data” then we could think we are lost.

What to do?

One of the most interesting approaches I have seen, is from Naval Ravikant. He says that since he can’t have a complete set of info to support his decisiones, then he has constructed (copied or borrowed) a set of mental models.

The set is supposed have different mental models that best approaches and adaptas to different situations.

Mental models are actually what drives value on being less wrong. Think is overreaching? Think about all those decisions in which you lost a lot. How much value could you have captured if you had made a different decision.