Literature DB >> 30737646

Response-time data provide critical constraints on dynamic models of multi-alternative, multi-attribute choice.

Nathan J Evans1,2, William R Holmes3, Jennifer S Trueblood4.   

Abstract

Understanding the cognitive processes involved in multi-alternative, multi-attribute choice is of interest to a wide range of fields including psychology, neuroscience, and economics. Prior investigations in this domain have relied primarily on choice data to compare different theories. Despite numerous such studies, results have largely been inconclusive. Our study uses state-of-the-art response-time modeling and data from 12 different experiments appearing in six different published studies to compare four previously proposed theories/models of these effects: multi-alternative decision field theory (MDFT), the leaky-competing accumulator (LCA), the multi-attribute linear ballistic accumulator (MLBA), and the associative accumulation model (AAM). All four models are, by design, dynamic process models and thus a comprehensive evaluation of their theoretical properties requires quantitative evaluation with both choice and response-time data. Our results show that response-time data is critical at distinguishing among these models and that using choice data alone can lead to inconclusive results for some datasets. In conclusion, we encourage future research to include response-time data in the evaluation of these models.

Keywords:  Bayesian methods; Context effects; Decision-making; Multi-attribute choice

Mesh:

Year:  2019        PMID: 30737646     DOI: 10.3758/s13423-018-1557-z

Source DB:  PubMed          Journal:  Psychon Bull Rev        ISSN: 1069-9384


  45 in total

1.  The power law repealed: the case for an exponential law of practice.

Authors:  A Heathcote; S Brown; D J Mewhort
Journal:  Psychon Bull Rev       Date:  2000-06

2.  Theoretical developments in decision field theory: comment on Tsetsos, Usher, and Chater (2010).

Authors:  Jared M Hotaling; Jerome R Busemeyer; Jiyun Li
Journal:  Psychol Rev       Date:  2010-10       Impact factor: 8.934

3.  Model flexibility analysis does not measure the persuasiveness of a fit.

Authors:  Nathan J Evans; Zachary L Howard; Andrew Heathcote; Scott D Brown
Journal:  Psychol Rev       Date:  2017-02-02       Impact factor: 8.934

Review 4.  The multiattribute linear ballistic accumulator model of context effects in multialternative choice.

Authors:  Jennifer S Trueblood; Scott D Brown; Andrew Heathcote
Journal:  Psychol Rev       Date:  2014-04       Impact factor: 8.934

5.  How many trials are required for parameter estimation in diffusion modeling? A comparison of different optimization criteria.

Authors:  Veronika Lerche; Andreas Voss; Markus Nagler
Journal:  Behav Res Methods       Date:  2017-04

Review 6.  Decision field theory: a dynamic-cognitive approach to decision making in an uncertain environment.

Authors:  J R Busemeyer; J T Townsend
Journal:  Psychol Rev       Date:  1993-07       Impact factor: 8.934

7.  A new framework for modeling decisions about changing information: The Piecewise Linear Ballistic Accumulator model.

Authors:  William R Holmes; Jennifer S Trueblood; Andrew Heathcote
Journal:  Cogn Psychol       Date:  2016-01-04       Impact factor: 3.468

8.  The Effect of Expected Value on Attraction Effect Preference Reversals.

Authors:  George D Farmer; Paul A Warren; Wael El-Deredy; Andrew Howes
Journal:  J Behav Decis Mak       Date:  2016-12-19

9.  Why contextual preference reversals maximize expected value.

Authors:  Andrew Howes; Paul A Warren; George Farmer; Wael El-Deredy; Richard L Lewis
Journal:  Psychol Rev       Date:  2016-07       Impact factor: 8.934

10.  The Quality of Response Time Data Inference: A Blinded, Collaborative Assessment of the Validity of Cognitive Models.

Authors:  Gilles Dutilh; Jeffrey Annis; Scott D Brown; Peter Cassey; Nathan J Evans; Raoul P P P Grasman; Guy E Hawkins; Andrew Heathcote; William R Holmes; Angelos-Miltiadis Krypotos; Colin N Kupitz; Fábio P Leite; Veronika Lerche; Yi-Shin Lin; Gordon D Logan; Thomas J Palmeri; Jeffrey J Starns; Jennifer S Trueblood; Leendert van Maanen; Don van Ravenzwaaij; Joachim Vandekerckhove; Ingmar Visser; Andreas Voss; Corey N White; Thomas V Wiecki; Jörg Rieskamp; Chris Donkin
Journal:  Psychon Bull Rev       Date:  2019-08
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  1 in total

1.  Deviations of rational choice: an integrative explanation of the endowment and several context effects.

Authors:  Joost Kruis; Gunter Maris; Maarten Marsman; Maria Bolsinova; Han L J van der Maas
Journal:  Sci Rep       Date:  2020-10-01       Impact factor: 4.379

  1 in total

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