ICPS

2021 APS Virtual Convention · 2021

The Steeper the Curve, the Longer People Delay: Effect of Exponential Information on Decision Making

Virtual · May 2021

Posters · Social Psychology

  • Daniel Sazhin
    Temple University
  • Chelsea Helion
    Temple University
  • David Smith
    Temple University

Abstract

Why did it take so long for leaders to shut down the economy in response to COVID-19? We found that people respond sub-optimally to exponential information and that the steeper the function, the longer they delay making their decision.

Decision Making