{"product_id":"the-great-mental-models-volume-3-systems-and-mathematics-9780593719992","title":"The Great Mental Models, Volume 3: Systems and Mathematics","description":"\u003cb\u003eFrom the \u003ci\u003eNew York Times\u003c\/i\u003e bestselling author of \u003ci\u003eClear Thinking \u003c\/i\u003eand\u003ci\u003e \u003c\/i\u003eFarnam Street founder, Shane Parrish. \u003c\/b\u003e\u003cp\u003e\u003c\/p\u003e The third book in the timeless Great Mental Models series. \u003cp\u003e\u003c\/p\u003eTime and time again, great thinkers such as Charlie Munger and Warren Buffett have credited their success to mental models-representations of how something works that can scale onto other fields. \u003cp\u003e\u003c\/p\u003eMastering a small number of mental models enables you to rapidly grasp new information, identify patterns others miss, and avoid the common mistakes that hold people back. \u003cp\u003e\u003c\/p\u003eVolume 3 of \u003ci\u003eThe Great Mental Models \u003c\/i\u003eseries focuses\u003ci\u003e \u003c\/i\u003eon systems and mathematics, simplifying more than twenty-four key concepts from these technical fields into easy-to-understand terms. It provides insights into the unseen mechanisms that influence our environment and teaches you how to apply these principles to benefit your life. \u003cp\u003e\u003c\/p\u003eSome of the mental models covered in this book include: \u003cp\u003e\u003c\/p\u003e\u003cul\u003e\u003cli\u003e\n\u003ci\u003eMargin of Safety\u003c\/i\u003e Engineers design for extremes, not averages. To create a robust system, ensure a meaningful gap between what the system is capable of handling and what it is required to handle.\u003c\/li\u003e\u003c\/ul\u003e\u003cul\u003e\n\u003cli\u003e\n\u003ci\u003eCompounding\u003c\/i\u003e The most powerful force in the universe can work in domains other than money.\u003c\/li\u003e\n\u003cli\u003e\n\u003ci\u003eThe law of diminishing returns\u003c\/i\u003e Inputs to a system lead to more output, up until a point where each further unit of input will lead to a decreasing amount of output.\u003c\/li\u003e\n\u003cli\u003e\n\u003ci\u003eRegression to the mean\u003c\/i\u003e Above- or below- average performance tends to correct towards the average over the long term.\u003c\/li\u003e\n\u003c\/ul\u003e\u003cbr\u003e\u003ci\u003eThe Great Mental Models\u003c\/i\u003e series demystifies once elusive concepts and illuminates rich knowledge that traditional education overlooks. This series is the most comprehensive and accessible guide on using mental models to better understand our world, solve problems, and gain an advantage.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Portfolio\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 10\/15\/2024\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780593719992\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 384\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.96lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.25h x 5.50w x 0.75d","brand":"Shane Parrish, Rhiannon Beaubien, Rosie Leizrowice","offers":[{"title":"Default Title","offer_id":44576639320245,"sku":"9780593719992","price":29.75,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0473\/0804\/6492\/files\/img_6e8fef3e-e48e-4e93-b18a-f5ea934c0b94.jpg?v=1724176144","url":"https:\/\/pastforward.org\/products\/the-great-mental-models-volume-3-systems-and-mathematics-9780593719992","provider":"Past Forward","version":"1.0","type":"link"}