Lévy Versus Wiener: Assessing the Effects of Model Misspecification on Diffusion Model Parameters

Tuba Hato1, Lukas Schumacher2, Stefan T Radev3

  • 1Institute of Psychology, Heidelberg University, Hauptstrasse 47-51, 69117 Heidelberg, Germany.

Summary

Analyzing data with the diffusion decision model (DDM) may cause biases if the true process follows the Lévy-flight model (LFM). Simulations show the DDM misestimates parameters when applied to LFM data, though experimental results were comparable.

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