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Do humans produce the speed-accuracy trade-off that maximizes reward rate?

Abstract:

In this paper we investigate trade-offs between speed and accuracy that are produced by humans when confronted with a sequence of choices between two alternatives. We assume that the choice process is described by the drift diffusion model, in which the speed-accuracy trade-off is primarily controlled by the value of the decision threshold. We test the hypothesis that participants choose the decision threshold that maximizes reward rate, defined as an average number of rewards per unit of tim...

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Publication status:
Published

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Publisher copy:
10.1080/17470210903091643

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Institution:
University of Oxford
Department:
Oxford, MSD, Clinical Neuroscience
Role:
Author
Journal:
Quarterly journal of experimental psychology (2006)
Volume:
63
Issue:
5
Pages:
863-891
Publication date:
2010-05-05
DOI:
EISSN:
1747-0226
ISSN:
1747-0218
URN:
uuid:2dc8291f-5e2d-4f87-9616-4010bf556955
Source identifiers:
420762
Local pid:
pubs:420762

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