 Olson was recipient of the 2016 Janet Taylor Spence Award from the Association for Psychological Science for transformative early career contributions, and the 2014 SAGE Young Scholars Award.Olson received the Alan T. Waterman Award from the National Science Foundation in 2018, and was the first psychological scientist to receive this prestigious award honoring early-career scientists.Olson is a member of the 2018 cohort of MacArthur "Genius" fellows.