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 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 scaledandframed 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.
Top-30
Journals
|
1
2
|
|
|
Cognition
2 publications, 15.38%
|
|
|
Frontiers in Psychology
1 publication, 7.69%
|
|
|
ZDM - International Journal on Mathematics Education
1 publication, 7.69%
|
|
|
Globalization and Health
1 publication, 7.69%
|
|
|
Proceedings of the National Academy of Sciences of the United States of America
1 publication, 7.69%
|
|
|
Interacting with Computers
1 publication, 7.69%
|
|
|
WSEAS Transactions on Business and Economics
1 publication, 7.69%
|
|
|
Model Assisted Statistics and Applications
1 publication, 7.69%
|
|
|
International Journal of Forecasting
1 publication, 7.69%
|
|
|
Physis
1 publication, 7.69%
|
|
|
Public Choice
1 publication, 7.69%
|
|
|
1
2
|
Publishers
|
1
2
3
|
|
|
Springer Nature
3 publications, 23.08%
|
|
|
Elsevier
3 publications, 23.08%
|
|
|
Frontiers Media S.A.
1 publication, 7.69%
|
|
|
Proceedings of the National Academy of Sciences (PNAS)
1 publication, 7.69%
|
|
|
Oxford University Press
1 publication, 7.69%
|
|
|
JMIR Publications
1 publication, 7.69%
|
|
|
World Scientific and Engineering Academy and Society (WSEAS)
1 publication, 7.69%
|
|
|
SAGE
1 publication, 7.69%
|
|
|
SciELO
1 publication, 7.69%
|
|
|
1
2
3
|
- We do not take into account publications without a DOI.
- Statistics recalculated weekly.