The following statement from Charlie Munger breaks out the important factors in making better decisions that align with the design goals of Thrive.
“Mental Models help identify what information is relevant in any given situation, and the most reasonable parameters to work in.”
The inherent abilities of Thrive allow the quick categorization of information, filtered for relevance, and targeted specifically into a domain with high levels of transfer, comprehension, and retention.
The parameters can be normalized by using Confidence and Belief as meta-parameters that are then contextualized to the domain and the situation.
Confidence to behave within a situation means that the individual has enough knowledge to confidently simulate and describe their abilities used in future actions, the preparation needed to increase the likelihood they can execute the action successfully, and the associated risks and opportunity costs of taking the action.
Belief in action means that there is a payback that is desired by the actor that is a combination of situations and the type of action required. In complex decisions, the level of belief is usually low at the outset and increases at some rate that correlates to confidence. The correlation can be Linear, Sublinear, or Superlinear.
One of the most important subjective decisions that must be made in a complex decision is what level of certainty is needed to decide. Some people think that if you get to 70% certainty in many cases, that is as high as you need to move ahead with the cost of increasing the certainty being greater than the benefit, or even impossible.
Thrive can take an organization from 0-70 faster than any available method today.
If you want to more about Mental Models you can go here.
And if you want to learn more about how the Thrive System send me a message at jstafura@GoThrive.io. That’s not a screened email and we can start a dialog. If you prefer a direct conversation try 412.897.2782.
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