Evaluating methods for approximating stochastic differential equations (Q2497769)

Results of numerical experiments are used to compare algorithms for estimating response time and response accuracy arising in decision making models that employ stochastic differential equations. Included are algorithms based on a stochastic Euler method, on stochastic Runge-Kutta methods of \textit{K. Burrage} and \textit{P. M. Burrage} [Appl. Numer. Math. 22, No. 1--3, 81--101 (1996; Zbl 0868.65101], and on a matrix algebra method of \textit{A. Diederich} and \textit{J. R. Busemeyer} [J. Math. Psychol. 47, No. 3, 304--322 (2003; Zbl 1021.60057)].