Implementation of the Multiple-Measure Maximum Likelihood strategy classification method in R: Addendum to Glöckner (2009) and practical guide for application
Journal Title: Judgment and Decision Making - Year 2010, Vol 5, Issue 1
Abstract
One major challenge to behavioral decision research is to identify the cognitive processes underlying judgment and decision making. Glöckner (2009) has argued that, compared to previous methods, process models can be more efficiently tested by simultaneously analyzing choices, decision times, and confidence judgments. The Multiple-Measure Maximum Likelihood (MM-ML) strategy classification method was developed for this purpose and implemented as a ready-to-use routine in STATA, a commercial package for statistical data analysis. In the present article, we describe the implementation of MM-ML in R, a free package for data analysis under the GNU general public license, and we provide a practical guide to application. We also provide MM-ML as an easy-to-use R function. Thus, prior knowledge of R programming is not necessary for those interested in using MM-ML.
Authors and Affiliations
Marc Jekel, Andreas Nicklisch and Andreas Glöckner
Introduction to the special issue: Coherence and correspondence in judgment and decision making
In 2007, Kenneth Hammond published Beyond Rationality: The search for wisdom in a troubled time. In this book and in prior works, Hammond (1990; 1996) promotes the recognition and equal acceptance of two different classe...
Studies of the dimensionality, correlates, and meaning of measures of the maximizing tendency
This series of four studies was designed to clarify the underlying dimensionality and psychological well-being correlates of the major extant measures of the maximization tendency: the Maximization Scale (MS; Schwarz et...
Why are lotteries valued less? Multiple tests of a direct risk-aversion mechanism
Recent studies have identified the uncertainty effect (UE), whereby risky prospects (e.g., a binary lottery that offers either a $50 or $100 gift certificate) are valued less than their worst possible outcome (a $50 cert...
How much compensation is too much? An investigation of the effectiveness of financial overcompensation as a means to enhance customer loyalty
The present paper examines the effectiveness of financial overcompensation as a means to enhance customer loyalty after a product failure. Overcompensation implies that customers are entitled to a refund that is larger t...
Methodological notes on model comparisons and strategy classification: A falsificationist proposition
Taking a falsificationist perspective, the present paper identifies two major shortcomings of existing approaches to comparative model evaluations in general and strategy classifications in particular. These are (1) fail...