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I use this mental model all the time!

For example, whenever somebody doesn't understand something I'm saying, or when somebody can't make himself understood, visualizing this helps me explain the pbm and find solutions.

I worked in education, and this is one of the cores mental frameworks that is *not* consistently applied in that field.

Financial benefits --> Not direct, but if you know this you can be much better in your communication, which is a huge benefit for career progress.

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Tomas, When you mentioned "mental model" it brought to mind one I use often when trying to decide between two options. I call it the "greater desire" method. I imagine owning or being in scenario "A" in all it's glory. Then I consider scenario "B" and try to quantify my preference for "B" over my current ownership of "A". Then I reverse to owning or being in scenario "B" and my desire for "A". I may do a couple iterations to filter out nonsense. By comparing the relative strength of the desire for the "other" scenario, I am often able to come to a decision. I use this method and the "greater regret" method/model often. Love your stuff.

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I love it. It speaks directly to opportunity cost and the endowment effect, but I had never heard it explained this way. Thx!

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Really useful insight, thank you.

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Makes sense. I'm a high school teacher so this is a good mental model for teaching and becoming a better writer myself. I want to work on my writing and communication for financial and other reasons. Thanks a lot for the response!

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