In this episode, we explore how decision-making under uncertainty plays a crucial role in scuba diving, drawing insights from Prospect Theory and real-life scenarios. We discuss how psychological factors, like loss aversion, influence divers to take risks they might otherwise avoid—whether it's diving with faulty gear after weeks of being unable to dive or dealing with pressures during high-profile expeditions. Highlighting examples from both individual dives and operational standards in dive centers, we examine the balance between minimizing loss and managing uncertainty. Finally, we emphasize the importance of teamwork, robust communication, and standardization to mitigate risks, ensuring safer and more informed diving decisions.

Original blog: DOSPERT Study: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1301089

Near death experience in Truk lagoon: https://www.scubaboard.com/community/threads/complacency-kills-its-not-just-an-empty-threat.567481/

Tags:  English, Decision Making, Gareth Lock, Human Factors, Risk