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...

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Main Authors: Florian Hutzler, Fabio Richlan, Michael Christian Leitner, Sarah Schuster, Mario Braun, Stefan Hawelka
Format: Article
Language:English
Published: The Royal Society 2021-04-01
Series:Royal Society Open Science
Subjects:
Online Access:https://royalsocietypublishing.org/doi/10.1098/rsos.201574
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spelling doaj-1e30847dbbd24b2d87d301a08e3230e62021-06-10T08:57:26ZengThe Royal SocietyRoyal Society Open Science2054-57032021-04-018410.1098/rsos.201574Anticipating trajectories of exponential growthFlorian Hutzler0Fabio Richlan1Michael Christian Leitner2Sarah Schuster3Mario Braun4Stefan Hawelka5Department of Psychology, Centre for Cognitive Neuroscience, Paris-Lodron-University of Salzburg, Hellbrunnerstrasse 34, 5020 Salzburg, AustriaDepartment of Psychology, Centre for Cognitive Neuroscience, Paris-Lodron-University of Salzburg, Hellbrunnerstrasse 34, 5020 Salzburg, AustriaDepartment of Psychology, Centre for Cognitive Neuroscience, Paris-Lodron-University of Salzburg, Hellbrunnerstrasse 34, 5020 Salzburg, AustriaDepartment of Psychology, Centre for Cognitive Neuroscience, Paris-Lodron-University of Salzburg, Hellbrunnerstrasse 34, 5020 Salzburg, AustriaDepartment of Psychology, Centre for Cognitive Neuroscience, Paris-Lodron-University of Salzburg, Hellbrunnerstrasse 34, 5020 Salzburg, AustriaDepartment of Psychology, Centre for Cognitive Neuroscience, Paris-Lodron-University of Salzburg, Hellbrunnerstrasse 34, 5020 Salzburg, AustriaHumans 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.https://royalsocietypublishing.org/doi/10.1098/rsos.201574pandemicCOVID-19exponential growthlinear scalinglogarithmic scalingcontextual framing
collection DOAJ
language English
format Article
sources DOAJ
author Florian Hutzler
Fabio Richlan
Michael Christian Leitner
Sarah Schuster
Mario Braun
Stefan Hawelka
spellingShingle Florian Hutzler
Fabio Richlan
Michael Christian Leitner
Sarah Schuster
Mario Braun
Stefan Hawelka
Anticipating trajectories of exponential growth
Royal Society Open Science
pandemic
COVID-19
exponential growth
linear scaling
logarithmic scaling
contextual framing
author_facet Florian Hutzler
Fabio Richlan
Michael Christian Leitner
Sarah Schuster
Mario Braun
Stefan Hawelka
author_sort Florian Hutzler
title Anticipating trajectories of exponential growth
title_short 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_sort anticipating trajectories of exponential growth
publisher The Royal Society
series Royal Society Open Science
issn 2054-5703
publishDate 2021-04-01
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.
topic pandemic
COVID-19
exponential growth
linear scaling
logarithmic scaling
contextual framing
url https://royalsocietypublishing.org/doi/10.1098/rsos.201574
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AT mariobraun anticipatingtrajectoriesofexponentialgrowth
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