Heuristic choice models (Wulff and van den Bos, 2018): The ITCH model contains four free parameters:
ITCH | DRIFT | TRADE | |
---|---|---|---|
Factor 1 | |||
Factor 2 | |||
Factor 3 | |||
Factor 4 | |||
SV(DEL)-SV(Immediate) = | Factor 1 + Factor 2 + Factor 3 + Factor 4 | Factor 1 + Factor 2 + Factor 3 + Factor 4 | Factor 2 − Factor 4 |
For the DRIFT model,