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.)
My personal "interesting concepts repository" lists are probably grossly inappropriate to post here, since they've got thousands of entries, and they're not accumulated systematically or sorted well or even specifically selected for usefulness. In fact many entries might even be anti-useful if examined uncritically, since they were saved as reminders that "a lot of people think/thought X" despite not satisfying "I think X". I'm also hesitant to post the lists on the web for that latter reason; who knows what idiot in HR might someday decide to Google my username and freak out when they find it attached to a list with a bunch of crimethink entries?
Nevertheless, it occurs to me that people who decided to read through this thread might still find those lists interesting despite the many caveats. Email me if anyone wants a copy.