The Microchip Shortage and How it Affects You & Why Smart People Make Bad Choices

Still need to get some holiday shopping done? One of the biggest stressors is trying to find a parking spot. So, this episode begins with some smart holiday parking strategies to help you score a spot quickly in a crowded parking lot. https://jalopnik.com/how-to-win-the-holiday-parking-game-5963162 Over the last several months there has been a lot of talk about a worldwide microchip shortage. These are the semi-conductor chips that control the workings of cars, electronics and just about everything else it seems. Why are they in such short supply? How hard are these chips to make? What is it they do exactly? These are some of the questions addressed by Chris Miller. He teaches International History at the Fletcher School at Tufts University and he is author of best selling book called Chip War: The Fight for the World's Most Critical Technology (https://amzn.to/3ULP20k). Ever notice when conditions are just right – very smart people can make very poor choices? This happens a lot when people are panicked but it also happens because of some other interesting and uniquely human factors. Why does this happen? Joining me to talk about this is Christopher J. Ferguson, professor of psycho…