Cargando…

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...

Descripción completa

Detalles Bibliográficos
Autores principales: Hutzler, Florian, Richlan, Fabio, Leitner, Michael Christian, Schuster, Sarah, Braun, Mario, Hawelka, Stefan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Royal Society 2021
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
_version_ 1783685338895482880
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
work_keys_str_mv AT hutzlerflorian anticipatingtrajectoriesofexponentialgrowth
AT richlanfabio anticipatingtrajectoriesofexponentialgrowth
AT leitnermichaelchristian anticipatingtrajectoriesofexponentialgrowth
AT schustersarah anticipatingtrajectoriesofexponentialgrowth
AT braunmario anticipatingtrajectoriesofexponentialgrowth
AT hawelkastefan anticipatingtrajectoriesofexponentialgrowth