Bibliographic Details
| Title: |
Exploring Mental Models in Finance: How the Psychology of Money Assists Thinking About War and Strategy. |
| Authors: |
Thorbeck, Stein |
| Source: |
Military Review. May/Jun2025, Vol. 105 Issue 3, p62-70. 9p. |
| Subjects: |
World War I, Dow Jones industrial average, Russian armed forces, Control (Psychology), Napoleonic Wars, 1800-1815, PDF (Computer file format), Thirst |
| Abstract: |
The article "Exploring Mental Models in Finance: How the Psychology of Money Assists Thinking About War and Strategy" discusses the use of financial mental models to aid strategic leaders in thinking about war. It explores concepts such as tailoring expectations, building room for error, and diversification of potentialities to create conditions for success. The article suggests that financial acumen could be beneficial in strategic leader development and poses the question of whether high net-worth individuals would make better strategic leaders. The author emphasizes the importance of adjusting to chaos, enduring uncertainty, and thinking probabilistically in both investing and warfare. [Extracted from the article] |
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| Database: |
Psychology and Behavioral Sciences Collection |
