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.