See also: Boring Advice Repository, Solved Problems Repository, Grad Student Advice Repository
I often find that my understanding of the world is strongly informed by a few key concepts. For example, I've repeatedly found the concept of opportunity cost to be a useful frame. My previous post on privileging the question is in some sense about the opportunity cost of paying attention to certain kinds of questions (namely that you don't get to use that attention on other kinds of questions). Efficient charity can also be thought of in terms of the opportunity cost of donating inefficiently to charity. I've also found the concept of incentive structure very useful for thinking about the behavior of groups of people in aggregate (see perverse incentive).
I'd like people to use this thread to post examples of concepts they've found particularly useful for understanding the world. I'm personally more interested in concepts that don't come from the Sequences, but comments describing a concept from the Sequences and explaining why you've found it useful may help people new to the Sequences. ("Useful" should be interpreted broadly: a concept specific to a particular field might be useful more generally as a metaphor.)
I have a list of ~500 concepts / "patterns in reality" that I think it would be useful to have "handles" to, by having words/phrases for them or just having them as mentally-cached concepts. (Once I started actively looking for such concepts I found quite a lot of them.) I'm planning to someday-soon sit down and actually make up words/phrases for each of these; I've made up words/phrases for 37 of them, and my notes-to-self are already peppered with them. Unfortunately I don't have the time right now to put them all here, but I probably will when my notes are more organized (like, when I've actually made up the words).
One example of such a concept: "imposing conditions that would have been evidence about optimal behavior in the EEA, with the intent of making oneself more prone to that behavior" - I call this "savannah-signalling" and it comes up in a lot of places.
Three years later- have you found the time? I'm really curious to know the rest of these.