NotesFAQContact Us
Collection
Advanced
Search Tips
Peer reviewed Peer reviewed
Direct linkDirect link
ERIC Number: EJ1057433
Record Type: Journal
Publication Date: 2014-Sep
Pages: 18
Abstractor: As Provided
Reference Count: 62
ISBN: N/A
ISSN: ISSN-0278-7393
The Hare and the Tortoise: Emphasizing Speed Can Change the Evidence Used to Make Decisions
Rae, Babette; Heathcote, Andrew; Donkin, Chris; Averell, Lee; Brown, Scott
Journal of Experimental Psychology: Learning, Memory, and Cognition, v40 n5 p1226-1243 Sep 2014
Decision-makers effortlessly balance the need for urgency against the need for caution. Theoretical and neurophysiological accounts have explained this tradeoff solely in terms of the "quantity" of evidence required to trigger a decision (the "threshold"). This explanation has also been used as a benchmark test for evaluating new models of decision making, but the explanation itself has not been carefully tested against data. We rigorously test the assumption that emphasizing decision speed versus decision accuracy selectively influences only decision thresholds. In data from a new brightness discrimination experiment we found that emphasizing decision speed over decision accuracy not only decreases the amount of evidence required for a decision but also decreases the quality of information being accumulated during the decision process. This result was consistent for 2 leading decision-making models and in a model-free test. We also found the same model-based results in archival data from a lexical decision task (reported by Wagenmakers, Ratcliff, Gomez, & McKoon, 2008) and new data from a recognition memory task. We discuss implications for theoretical development and applications.
American Psychological Association. Journals Department, 750 First Street NE, Washington, DC 20002. Tel: 800-374-2721; Tel: 202-336-5510; Fax: 202-336-5502; e-mail: order@apa.org; Web site: http://www.apa.org
Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Australia