Skip to main content Accessibility help
×
Hostname: page-component-7dd5485656-wlg5v Total loading time: 0 Render date: 2025-10-27T21:54:26.810Z Has data issue: false hasContentIssue false

3 - Sequential-Sampling Models of Decision Making

Published online by Cambridge University Press:  26 October 2025

Philip L. Smith
Affiliation:
University of Melbourne
Roger Ratcliff
Affiliation:
Ohio State University
Get access

Summary

Chapter 3 describes the variety of sequential-sampling models of decision making that have been proposed in the literature and situates diffusion process models among them. The chapter provides a taxonomy of model types, in which models are classified according to their stopping rule and whether evidence is accumulated in discrete or continuous amounts in discrete or continuous time. Historically important models have been the recruitment model, the Vickers accumulator model, the Poisson counter model, and several random walk models, including one that implements the sequential probability ratio test, which accumulates the log-likelihood ratios of the evidence states. The Wiener diffusion process assumes that evidence is continuously distributed and accumulated in continuous time, and that decisions are made using a relative stopping rule. The chapter describes two alternative ways to characterize diffusion processes mathematically and obtain predictions for them, which are evaluated in Chapter 5: one using partial differential equations and the other using stochastic differential equations.

Information

Type
Chapter
Information
Diffusion Process Models of Decision Making
Fundamental Processes
, pp. 24 - 55
Publisher: Cambridge University Press
Print publication year: 2025

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Book purchase

Temporarily unavailable

Accessibility standard: Unknown

Why this information is here

This section outlines the accessibility features of this content - including support for screen readers, full keyboard navigation and high-contrast display options. This may not be relevant for you.

Accessibility Information

Accessibility compliance for the PDF of this book is currently unknown and may be updated in the future.

Save book to Kindle

To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

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 Dropbox.

Available formats
×

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.

Available formats
×