Under Pressure: With Guests Svetlana Savranskaya, Gary Slaughter & Modupe Akinola

Choiceology with Katy Milkman

Charles Schwab

Behavioral Economics, Society & Culture, Social Sciences, Decision Making, Charles Schwab, Business, Science, Investing, Dan Heath, Katy Milkman

4.8 • 1.4K Ratings

🗓️ 23 May 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you've ever been faced with an important decision when time was scarce, information was incomplete, or tempers were running high, you'll know that it's difficult to make a good choice. Now imagine a decision that has implications for the entire world, and the people facing that decision are 500 feet below the surface of the ocean in a nuclear-armed diesel submarine that is overheating and running out of power. In this episode of Choiceology with Katy Milkman, we look at decisions under pressure and how our thinking process is affected by stress.

Transcript

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0:00.0	Imagine you're in a cramped submarine, deep underwater.
0:10.0	It's over 100 degrees in the control room and even hotter in the diesel engine room.
0:16.4	And depth charges have been exploding around you for four hours.
0:21.2	Then imagine you're faced with a life or death decision.
0:24.6	Not just for you, but for the entire world.
0:28.8	Can you make the right call?
0:31.9	In this episode, we look at how people make decisions under pressure and how stress
0:37.0	affects judgment at work, at home, or in the fog of war.
0:48.2	I'm Dr. Katie Mildman and this is Choiceology, an original podcast from Charles Schwab.
0:53.8	It's a show about the psychology and economics behind our decisions.
0:58.2	We bring you true stories involving life-changing moments and then we explore how they relate
1:03.1	to the latest research in behavioral science.
1:06.1	We do it all to help you make better judgments and avoid costly mistakes.
1:25.7	It's not that the intentional strikes were the danger.
1:30.6	I think the unintentional, the reaction to unforeseen events, accidental nuclear exchange
1:38.6	could have led to a nuclear war.
1:42.2	That's Svetlana Savranska.
1:44.3	She's the head of Russian programs at the U.S. National Security Archive.
1:49.0	She's talking about the year 1962.
1:52.4	American spy planes had just discovered Soviet missiles being deployed in Cuba, only 90
1:58.2	nautical miles from the continental U.S.
2:01.4	It was a major escalation in the Cold War, intentions between the U.S. and the Soviet
	...

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