Managing Stress for Better Decision Making

Aug 29, 2024

Lecture Notes: Managing Stress and Making Better Decisions

Introduction

  • Personal anecdote about breaking into own house in cold winter
  • Circumstances: Lost keys, cold weather, early flight next day
  • Resulted in breaking a window to get in

Stress and Its Effects on Decision Making

  • Neuroscience background: Stress releases cortisol
    • Effects: Raises heart rate, modulates adrenaline, clouds thinking
  • Realization of forgetting passport at airport

Prospect of Preventing Mistakes: Pre-Mortem

  • Conversation with Danny Kahneman about "prospective hindsight" or "pre-mortem"
  • Concept: Anticipate potential failures to prevent disasters
  • Difference from post-mortem analysis
    • Post-mortem: Analyze what went wrong after the fact
    • Pre-mortem: Look ahead to identify what could go wrong

Strategies for Prevention

  • Home Organization

    • Designate specific places for easily lost items (keys, passport, glasses)
    • Leverage brain's spatial memory (hippocampus) to remember locations
  • Travel Tips

    • Take photos of important documents (credit cards, passport) and store in cloud

Medical Decision Making

  • Importance of clear thinking in medical decisions

  • Example: Discussing high cholesterol with a doctor

    • Statins: Widely prescribed but have a statistical basis for efficacy
    • Number Needed to Treat (NNT): Number of patients needed to treat before one benefits
      • Example: 300 need to take statin to prevent one adverse event
    • Side effects: 5% chance of serious side effects (muscle pain, gastrointestinal issues)
    • Important to discuss risks and benefits with doctors
  • Comparison to prostate cancer surgery

    • NNT of 49 for surgeries, with 50% experiencing side effects

Preparing for Stressful Situations

  • Importance of thinking through decisions beforehand
  • Quality of life considerations
    • Choices between pain-free shorter life vs. longer life with pain
  • Training ourselves to think ahead and create systems to manage stress

Conclusion

  • Acknowledgment of human flaws and potential for failure
  • Encouragement to implement systems to minimize damage and prevent mistakes
  • Personal takeaway: Installed combination lock for easier access
  • Ongoing journey towards better organization

  • Key Takeaway: By anticipating challenges and creating systems, we can make better decisions and potentially avoid negative outcomes.