Abstract
The method of replicated paired-comparisons was utilized to obtain estimates of response consistency and mean response latency for both preferential choices for two outcome gambles and judgmental choices of the riskiness of these bets. The results indicate that under an accuracy set stochastically-dominant choices have a shorter mean latency than stochastically-non-dominant choices. The implications of this result for mathematical models of response latency are considered.
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This work was supported in part by USPHS Grants MH 04236 (CI), and NIH TI GM 1231-01.
2. This report has profited greatly from the encouragment and criticism of Dr. Robyn M. Dawes and also from Dr. Clyde H. Coombs, who directed the decision making study of which the data presented here are a part. The assistance of Frank Goode is also appreciated.
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Petrusic, W.M. The relationship between stochastic and temporal dominance under an accuracy set. Psychon Sci 5, 373–374 (1966). https://doi.org/10.3758/BF03328445
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DOI: https://doi.org/10.3758/BF03328445