Submission 698
Lévy Flights vs. Self-Elicitation: Competing Accounts of Speed–Accuracy Trade-Offs in Evidence-Accumulation Models
SymposiumTalk-02
Presented by: Andreas Voss
In evidence-accumulation models, speed–accuracy settings are typically modeled by adjusting boundary separation. Numerous studies have shown that speed instructions lead to lower boundaries, indicating that decisions are made based on smaller amounts of accumulated information (i.e., liberal settings), whereas accuracy instructions lead to higher boundaries, requiring more information for a decision (i.e., conservative settings). However, recent research challenges the idea that boundary separation alone is sufficient to explain behavior under speed versus accuracy instructions. The Lévy Flight Model assumes more pronounced guessing tendencies—reflecting less stable evidence accumulation—under speed instructions. Another approach, based on an Ornstein–Uhlenbeck process, suggests a tendency toward self-elicitation in evidence accumulation following speed instructions.
In the present talk, I will compare both accounts and test whether they can be empirically distinguished.