Article thumbnail
Location of Repository

Decision making under time pressure: an independent test of sequential sampling models

By Itiel E. Dror, Jerome R. Busemeyer and Beth Basola


Choice probability and choice response time data from a risk-taking decision-making task were compared with predictions made by a sequential sampling model. The behavioral data, consistent with the model, showed that participants were less likely to take an action as risk levels increased, and that time pressure did not have a uniform effect on choice probability. Under time pressure, participants were more conservative at the lower risk levels but were more prone to take risks at the higher levels of risk. This crossover interaction reflected a reduction of the threshold within a single decision strategy rather than a switching of decision strategies. Response time data, as predicted by the model, showed that participants took more time to make decisions at the moderate risk levels and that time pressure reduced response time across all risk levels, but particularly at the those risk levels that took longer time with no pressure. Finally, response time data were used to rule out the hypothesis that time pressure effects could be explained by a fast-guess strategy

Topics: BF
Year: 1999
DOI identifier: 10.3758/bf03211564
OAI identifier:
Provided by: e-Prints Soton
Sorry, our data provider has not provided any external links therefore we are unable to provide a link to the full text.

Suggested articles


  1. (1995). A dynamic model for multi-attribute decision problems.
  2. (1978). A theory of memory retrieval.
  3. (1995). Adapting to time constraints.
  4. (1998). Aging and decision making: To take a risk or not?
  5. (1997). An exemplar based random walk model of speeded classification.
  6. (1974). Basic strategy and expectation in casino blackjack.
  7. (1982). Choice behavior in a sequential decision making task.
  8. (1989). Cognitive choice processes and the attitude–behavior relation.
  9. (1999). Computational analyses in cognitive neuroscience: In defense of biological implausibility.
  10. (1996). Content and discontent: Indications and implications of domain specificity in preferential decision making.
  11. (1993). Decision field theory: A dynamic-cognitive approach to decision making in an uncertain environment.
  12. (1985). Decision making under uncertainty: A comparison of simple scalability, fixed sample, and sequential sampling models.
  13. (1996). Dynamic representation of decision-making. In R.F. Port & T.van Gelder (Eds.), Mind as motion: Explorations in the dynamics of cognition.
  14. (1989). Factors influencing wagers in simulated blackjack.
  15. (1992). Fundamental derivations for decision field theory.
  16. (1985). On the psychology of playing blackjack: Normative and descriptive considerations with implications for decision theory.
  17. (1995). Psychophysically principled models of visual simple reaction time.
  18. (1989). Random walk models of binary choice: The effect of deadlines in the presence of asymmetric payoffs.
  19. (1984). Real and laboratory gambling, sensation-seeking and arousal.
  20. (1978). Relation between probability of preferential choice and time to choose changes with practice.
  21. Stochastic choice heuristics.
  22. (1999). The dynamics of decision making as a function of recent outcomes and possible consequences. Paper presented at the Sixth European Congress of Psychology,
  23. (1981). The effect of time pressure on risky choice behavior.
  24. (1998). The susceptibility of young and old adults to positive and negative outcomes of recent decisions.
  25. (1992). The wave theory of difference similarity.
  26. (1995). Time pressure and payoff effects on multidimensional probabilistic inference.
  27. (1995). Time pressure and stress in human judgment and decision making.
  28. (1996). When time is money: Decision behavior under opportunity–cost time pressure.

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.