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Chapter 9 - Response Times

from Part III - Dynamic Choice

Published online by Cambridge University Press:  14 January 2025

Tomasz Strzalecki
Tomasz Strzalecki
Affiliation:
Harvard University, Massachusetts
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Summary

Are fast choices better or worse than slow ones? This chapter explores models of stopping times, including sequential sampling models from statistics and drift-diffusion models from cognitive science.

Keywords

optimal stoppingstopping timeWald modeldrift-diffusion modelChernoff model
Type
Chapter
Information
Stochastic Choice Theory , pp. 120 - 136
Publisher: Cambridge University Press
Print publication year: 2025

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  • Response Times
  • Tomasz Strzalecki, Harvard University, Massachusetts
  • Book: Stochastic Choice Theory
  • Online publication: 14 January 2025
  • Chapter DOI: https://doi.org/10.1017/9781009512749.013
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  • Response Times
  • Tomasz Strzalecki, Harvard University, Massachusetts
  • Book: Stochastic Choice Theory
  • Online publication: 14 January 2025
  • Chapter DOI: https://doi.org/10.1017/9781009512749.013
Available formats
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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Response Times
  • Tomasz Strzalecki, Harvard University, Massachusetts
  • Book: Stochastic Choice Theory
  • Online publication: 14 January 2025
  • Chapter DOI: https://doi.org/10.1017/9781009512749.013
Available formats
×