The Iowa gambling task (IGT) is one of the most popular tasks used to study decision-making deficits in clinical populations. In order to decompose performance on the IGT in its constituent psychological processes, several cognitive models have been proposed (e.g., the Expectancy Valence (EV) and Prospect Valence Learning (PVL) models). Here we…

Many theories of human cognition postulate that people are equipped with a repertoire of strategies to solve the tasks they face. This theoretical framework of a cognitive toolbox provides a plausible account of intra- and interindividual differences in human behavior. Unfortunately, it is often unclear how to rigorously test the toolbox…

In their influential "Psychological Review" article, Bogacz, Brown, Moehlis, Holmes, and Cohen (2006) discussed optimal decision making as accomplished by the drift diffusion model (DDM). The authors showed that neural inhibition models, such as the leaky competing accumulator model (LCA) and the feedforward inhibition model (FFI), can mimic the…

People are able to use temporal cues to anticipate the timing of an event, enabling them to process that event more efficiently. We conducted two experiments, using the fixed-foreperiod paradigm (Experiment 1) and the temporal-cueing paradigm (Experiment 2), to assess which components of information processing are speeded when subjects use such…

Performance in the lexical decision task is highly dependent on decision criteria. These criteria can be influenced by speed versus accuracy instructions and word/nonword proportions. Experiment 1 showed that error responses speed up relative to correct responses under instructions to respond quickly. Experiment 2 showed that responses to less…

It is a hallmark of a good model to make accurate "a priori" predictions to new conditions (Busemeyer & Wang, 2000). This study compared 8 decision learning models with respect to their generalizability. Participants performed 2 tasks (the Iowa Gambling Task and the Soochow Gambling Task), and each model made a priori predictions by estimating the…