Question

Comment this discussion in few paragraphs?

In your own words, describe what Munger means by mental models:

In my opinion Mental Models Munger (1997) is a framework for building latticework of mental models is subsidiary to cross-training for the people’s groups’ psyches. Is all the knowledge an individual can take from learning from school, home and experience and learning them very well and effective. Having this knowledge can be applied in the future on solving difficult decisions.

Describe at least one example from your own experience where your perspective or experience provided a mode of thought that brought new light to a discussion or a tough decision.

On my previous job I have an experience that I was in charge of making the owner’s manuals of the products that the company manufacture. It was really hard task because I never have done any owner’s manual before. At the end of the time frame I finished the owner manual because with all the knowledge that I obtained from school and also with the meetings from my bosses I finished a perfect manual. I found help with my bosses so they explained me how they wanted to be the manual. What information was important to publish there and which was not.

Explain how this experience has affected your decision-making process.

This experience has affected in my decision-making process because it let me think ahead to take the best decision to resolve a problem. Thinking ahead or taking action I can avoid mistakes and time consuming. Also, speaking and asking questions of unclear information is order to be clear before taking the action of making the manual without any knowledge on how to make it.

Answer 1

The discussion herein throws light on some useful concepts and user experiences.

For example the framework of using mental models to store information and retrieve it and process it to take effective decisions is a useful concept and that has been advocated by the world famous Charlie Munger, an associate of Warren Buffet. The model clearly talks about developing mental thinking models to increasing the procesing power of the brain through accumulation of knowledge and then using it to take effective decisions.

The second discussion talks about a personal experience wherein the user has embarked on something which he has not accomplished before.This was done through a spirit of risk taking, collaboration and help from managers and application of knowledge that has been acquired through education.

The discussion also talks about how the experience has enriched him as this has helped the person to take effective decisions and have given the confidence to take on tasks not done before. Also the person has realised that asking meaningful question to gain clarity of the job is very essential to accomplish the task effectively.