Table 7. The Three Best Models for Choice Data in Experiments 2 and 3 in Terms of Count of Lowest BIC Values across Participants.
| Exp. | No. | Transformations of objective value and time |
Core theory | Stochastic specification | No. free parameters |
Count of lowest BIC values |
|---|---|---|---|---|---|---|
| 2 | 1 | Power | Attribute-wise with direct differences | Logistic model | 4 | 10 |
| 2 | Power | Attribute-wise with direct differences | Diffusion model with varied σ | 4 | 6 | |
| 3 | Power | Attribute-wise with direct differences | Random preference model | 4 | 3 | |
| 3 | 1 | Power | Attribute-wise with direct differences | Diffusion model with varied σ | 4 | 7 |
| 2 | Identity | Attribute-wise with direct differences | Probit model with varied σ | 3 | 5 | |
| 3 | Power | Attribute-wise with direct differences | Logistic model | 4 | 3 |