If the diffusion model (Ratcliff & McKoon, 2008) is to account for the relative speeds of correct responses and errors, it is necessary that the components of processing identified by the model vary across the trials of a task. In standard applications, the rate at which information is accumulated by the diffusion process is assumed to be normally…

This article presents a dual system model (DSM) of decision making under risk and uncertainty according to which the value of a gamble is a combination of the values assigned to it independently by the affective and deliberative systems. On the basis of research on dual process theories and empirical research in Hsee and Rottenstreich (2004) and…

The authors identify 2 major types of statistical data from which semantic representations can be learned. These are denoted as "experiential data" and "distributional data". Experiential data are derived by way of experience with the physical world and comprise the sensory-motor data obtained through sense receptors. Distributional data, by…

A new theoretical analysis of the stop-signal model is proposed. Within the concepts of crude- and net-hazard functions, the nonobservable control-latency distribution can be estimated from observable reaction times. This result allows a test of the Logan and Cowan model (1984) without simplifying assumptions. (SLD)