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Psychonomic Bulletin & Review

, Volume 10, Issue 1, pp 157–166 | Cite as

MDFT account of decision making under time pressure

  • Adele DiederichEmail author
Brief Reports

Abstract

In this paper, decision making under time pressure for multiattribute choice alternatives in a risky environment is investigated. A model, multiattribute decision field theory (MDFT), is introduced that describes both the dynamic and the stochastic nature of decision making and accounts for the observed changes in choice probabilities, including preference reversals as a function of time limit. An experiment in which five different time limits were imposed on the decision maker is presented to test the predictions of the model. It is shown that MDFT is able to account for the complex decision behavior observed in the data. Furthermore, MDFT is compared with the predictions of decision field theory (Busemeyer & Townsend, 1993; Roe, Busemeyer, & Townsend, 2001).

Keywords

Decision Maker Time Pressure Choice Alternative Choice Probability Switching Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Psychonomic Society, Inc. 2003

Authors and Affiliations

  1. 1.School of Humanities and Social SciencesInternational University BremenBremenGermany

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