A Dual‐Process Diffusion Model
Bibliographic Data
| ID | 12166802 |
|---|---|
| Authors | Carlos Alós-Ferrer (0000-0002-1668-9784, University of Cologne, corresponding author), Carlos Alós‐Ferrer (Department of Economics University of Cologne Cologne Germany) |
| Year | 2016 |
| Volume | 31 |
| Issue | 2 |
| Pages | 203-218 |
| Publication date | 2016-05-03 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Behavioral Decision Making (JOURNAL) |
| Journal identifiers | ISSN: 0894-3257 • E-ISSN: 1099-0771 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/bdm.1960 |
| OpenAlex | W2347004359 |
| Language | EN |
| Citations received | 11 |
| References cited | 73 |
This paper presents a simple formal analytical model delivering qualitative predictions for response times in binary‐choice experiments. It combines a dual‐process/multi‐strategy approach with the standard diffusion model, modeling a utility decision process and a heuristic decision process as diffusion processes of evidence accumulation. For experiments with objective alternatives (including many tasks in judgment and decision making), the model predicts that errors will be quicker than correct responses in case of process conflict and slower in case of alignment, capturing a well‐documented asymmetry regarding slow or fast errors. Further, the model also predicts that correct responses are slower in case of conflict than in case of alignment, capturing the well‐known Stroop effect. The model is also extended to cover experiments with subjective alternative evaluations, that is, preferential choice. In this case, results depend on whether trials are hard or easy, that is, on whether the heuristic can be interpreted as relatively automatic or not. Copyright © 2016 John Wiley & Sons, Ltd
Cognition · Diffusion · Dual (grammatical number · Dual process theory (moral psychology · Heuristic · Machine learning · Process (computing · Computer Science · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Environmental Education and Sustainability · Psychology · Artificial Intelligence
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Reflective and Impulsive Determinants of Social Behavior
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From dual processes to multiple selves
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An Experimental Measurement of Utility
Lottery Choice
Choices and preferences
The empirical case for two systems of reasoning
Cognitive Reflection and Decision Making
Postdecision changes in the desirability of alternatives
| Unique citing works | 11 |
|---|---|
| Citations per year | 1,38 |
| Citation span | 2018 - 2026 (9) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 11 |