Table 3. The Three Best Models for Choice Data in Experiment 1 in Terms of Count of Lowest BIC Values across Participants and Sessions.

No.	Transformations of objective value and time	Core theory	Stochastic specification	No. free parameters	Count of lowest BIC values
1	Power	Attribute-wise with direct differences	Diffusion model with varied σ	4	7
2	Power	Attribute-wise with direct differences	Probit model with fixed σ	4	5
3	Power	Alternative-wise with exponential discount function	Logistic model	4	4