The 3 most often-used performance measures in the cognitive and decision sciences are choice, response or decision time, and confidence. We develop a random walk/diffusion theory--2-stage dynamic signal detection (2DSD) theory--that accounts for all 3 measures using a common underlying process. The model uses a drift diffusion process to account…

How do people select among different strategies to accomplish a given task? Across disciplines, the strategy selection problem represents a major challenge. We propose a quantitative model that predicts how selection emerges through the interplay among strategies, cognitive capacities, and the environment. This interplay carves out for each…

A new theory of subjective probability is presented. According to this theory, different descriptions of the same event can give rise to different judgments. Experimental evidence supporting this theory is summarized, demonstrating that the theory provides a unified treatment of a wide range of empirical findings. (SLD)