Models for Choice-Reaction Time

In the two-choice situation, the Wald sequential probability ratio decision procedure is applied to relate the mean and variance of the decision times, for each alternative separately, to the error rates and the ratio of the frequencies of presentation of the alternatives. For situations involving more than two choices, a fixed sample decision procedure (selection of the alternative with highest likelihood) is examined, and the relation is found between the decision time (or size of sample), the error rate, and the number of alternatives.