Externalities: How to Deal With Things That Are Out of Your Control (Mental Model)

In this video I’m gonna give you all about a new Mental Model called Externalities.

An externality is something that affects us without us agreeing to it. Externalities can be both positive and negative. Understanding the types of externalities and the impact they have in your lives can help you improve our decision making, and how you interact with the world.

Watch this video to know all about it:

#coffeeandjunk #mentalmodels #decisionmaking
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→ Falsification |
→ Mental Models |
→ Circle of Competence |

// N E W S L E T T E R
→ Sunday Wisdom |

// M U S T R E A D S
→ Thinking, Fast and Slow |
→ The Black Swan |
→ Zen and The Art of Motorcycle Maintenance |
→ Algorithms to Live By |
→ How Not to Be Wrong |

// M U S I C
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// A B O U T
Coffee&Junk discusses the fundamentals of life, strategy, and antifragility. The central theme of this project is to help us Identify how the world works so that we can make it work for us. Learn more by visiting
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