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Anticipating trajectories of exponential growth
Humans grossly underestimate exponential growth, but are at the same time overconfident in their (poor) judgement. The so-called ‘exponential growth bias' is of new relevance in the context of COVID-19, because it explains why humans have fundamental difficulties to grasp the magnitude of a spr...
Autores principales: | , , , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
The Royal Society
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8080009/ https://www.ncbi.nlm.nih.gov/pubmed/34007459 http://dx.doi.org/10.1098/rsos.201574 |
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author | Hutzler, Florian Richlan, Fabio Leitner, Michael Christian Schuster, Sarah Braun, Mario Hawelka, Stefan |
author_facet | Hutzler, Florian Richlan, Fabio Leitner, Michael Christian Schuster, Sarah Braun, Mario Hawelka, Stefan |
author_sort | Hutzler, Florian |
collection | PubMed |
description | Humans grossly underestimate exponential growth, but are at the same time overconfident in their (poor) judgement. The so-called ‘exponential growth bias' is of new relevance in the context of COVID-19, because it explains why humans have fundamental difficulties to grasp the magnitude of a spreading epidemic. Here, we addressed the question, whether logarithmic scaling and contextual framing of epidemiological data affect the anticipation of exponential growth. Our findings show that underestimations were most pronounced when growth curves were linearly scaled and framed in the context of a more advanced epidemic progression. For logarithmic scaling, estimates were much more accurate, on target for growth rates around 31%, and not affected by contextual framing. We conclude that the logarithmic depiction is conducive for detecting exponential growth during an early phase as well as resurgences of exponential growth. |
format | Online Article Text |
id | pubmed-8080009 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | The Royal Society |
record_format | MEDLINE/PubMed |
spelling | pubmed-80800092021-05-17 Anticipating trajectories of exponential growth Hutzler, Florian Richlan, Fabio Leitner, Michael Christian Schuster, Sarah Braun, Mario Hawelka, Stefan R Soc Open Sci Psychology and Cognitive Neuroscience Humans grossly underestimate exponential growth, but are at the same time overconfident in their (poor) judgement. The so-called ‘exponential growth bias' is of new relevance in the context of COVID-19, because it explains why humans have fundamental difficulties to grasp the magnitude of a spreading epidemic. Here, we addressed the question, whether logarithmic scaling and contextual framing of epidemiological data affect the anticipation of exponential growth. Our findings show that underestimations were most pronounced when growth curves were linearly scaled and framed in the context of a more advanced epidemic progression. For logarithmic scaling, estimates were much more accurate, on target for growth rates around 31%, and not affected by contextual framing. We conclude that the logarithmic depiction is conducive for detecting exponential growth during an early phase as well as resurgences of exponential growth. The Royal Society 2021-04-28 /pmc/articles/PMC8080009/ /pubmed/34007459 http://dx.doi.org/10.1098/rsos.201574 Text en © 2021 The Authors. https://creativecommons.org/licenses/by/4.0/Published by the Royal Society under the terms of the Creative Commons Attribution License http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, provided the original author and source are credited. |
spellingShingle | Psychology and Cognitive Neuroscience Hutzler, Florian Richlan, Fabio Leitner, Michael Christian Schuster, Sarah Braun, Mario Hawelka, Stefan Anticipating trajectories of exponential growth |
title | Anticipating trajectories of exponential growth |
title_full | Anticipating trajectories of exponential growth |
title_fullStr | Anticipating trajectories of exponential growth |
title_full_unstemmed | Anticipating trajectories of exponential growth |
title_short | Anticipating trajectories of exponential growth |
title_sort | anticipating trajectories of exponential growth |
topic | Psychology and Cognitive Neuroscience |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8080009/ https://www.ncbi.nlm.nih.gov/pubmed/34007459 http://dx.doi.org/10.1098/rsos.201574 |
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