Types of Mental Models- Probabilistic Thinking

The probabilistic thinking mental model focuses on the notion of trying to estimate the likelihood of an outcome occurring. We all desire to make accurate decisions. Doing this guarantees that you transform your life based on the good decisions that you will be making. Honestly, the future is always unpredictable. Accordingly, this is the main reason why the probability theory is considered useful. It allows you to predict your future using different variables that you might go through.

Today, we live in a competitive environment where people no longer struggle to survive. Quite the opposite, people compete to succeed. They desire to be the best in their worlds. Therefore, this demands that they should make the right decisions that lead them to success.

The idea behind probabilistic thinking is that you determine the likelihood of something occurring dependent on what you are about to do. If high chances favor the fact that you might fail, then it is prudent to do something else.

On the other hand, if chances favor the fact that you could succeed, then you should not hesitate to make a move. After all, we live in an uncertain world. Therefore, the best that you can do is to take the chances that come your way.  

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