Erik is joined on this episode by Scott Page (@Scott_E_Page), professor at the University of Michigan and author of The Model Thinker. They talk about: * The idea of the wisdom of crowds. * Why cognitive diversity is important for a wise crowd. * Whether individual experts or groups of ordinary people make better predictions. * Which mental models VCs should be using. * Why Scott says “mastery is knowing when to use the right mental model at the right time.” * Why, if you’re watching basketball, you may as well be watching people roll a die. ... and much more. Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal. Venture Stories is brought to you by Village Global, is hosted by co-founder and partner, Erik Torenberg and is produced by Brett Bolkowy.