Counterfactual Simulation
This is a preview of a concept contained in The Personal MBA by Josh Kaufman, a book that will help you master the fundamentals of business, hone your business instincts, and save a fortune in tuition. The Personal MBA distills the most powerful principles of business and delivers them quickly and concisely. Order your copy now…
What is “Counterfactual Simulation”?
“To be able to ask a question clearly is two-thirds of the way to getting it answered.” — John Ruskin, nineteenth-century art critic and social theorist
Key Points:
- Conterfactual Simulation is like applied imagination: consciously asking a “what if” question, and letting you mind imagine the rest.
- Based on the stored Patterns, Associations and Interpretations, your brain will produce what it believes is the most likely scenario.
- Conterfactual is very useful because of its flexibility: you can simulate anything you want.
- When you use Conterfactual Simulation, you assume the event or state you’re simulating is already true. The mind then fills the gaps between A (where you are) and B (where you want to be).
Questions for Consideration:
- How often do you dedicate time to imaging what would happen if X occurred?
- When can you set aside dedicated time just for counterfactual simulation?
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