Decision Making Mental Models

An Introduction to Second-Order Thinking and Its Examples

Published by When Notes Fly

https://whennotesfly.com/concepts/decision-making/second-order-thinking

When Notes Fly article, fact-checked and corrected.

Corrected & verified
1 contributor 1 recorded contribution 1 correction

Who created and checked this page

Correction history

Every accepted correction to this page is recorded with the exact change, so readers can see how the page improved over time.

  1. 29 July 2026 · corrected by Emir Baycan

    Corrected 2 citation errors: the widely-cited '1.27 million deaths from antibiotic resistance' statistic was misattributed to a 2019 WHO estimate, when it actually comes from a 2022 Lancet study (the GRAM project, Murray et al.); and the 2010 Flash Crash's recovery was described as happening 'within minutes' when the real, documented recovery took approximately 20-36 minutes.

    Before

    Article misattributed a real, correct statistic to the wrong source and year, and overstated the speed of a well-documented market event's recovery.

    After

    Corrected the antibiotic-resistance statistic's attribution to the real Lancet/GRAM source and year; corrected the Flash Crash recovery timeframe to approximately 30 minutes.

    Why: Philip Tetlock's real forecasting research (82,000 predictions, 284 experts, 20 years) verified as fully accurate; the historical case studies (Green Revolution, Sarbanes-Oxley, ACA, Amazon Marketplace, Facebook News Feed) all checked out as directionally accurate, with only minor imprecision in some figures like SOX compliance costs, which vary widely across real studies and were left as a reasonable order-of-magnitude estimate rather than fabricated.

    View the full record →

Full contribution timeline

  1. Correction 29 July 2026

    Emir Baycan: Corrected 2 citation errors: the widely-cited '1.27 million deaths from antibiotic resistance' statistic was misattributed to a 2019 WHO estimate, when it actually comes from a 2022 Lancet study (the GRAM project, Murray et al.); and the 2010 Flash Crash's recovery was described as happening 'within minutes' when the real, documented recovery took approximately 20-36 minutes.

    Proof record →