General recognition theory (GRT) is a multivariate generalization of signal
detection theory. Past versions of GRT were static and lacked a process in
terpretation. This article presents a stochastic version of GRT that models
moment-by-moment fluctuations in the output of perceptual channels via a m
ultivariate diffusion process. A decision stage then computes a lineal or q
uadratic function of the outputs from the perceptual channels, which drives
a univariate diffusion process that determines the subject's response. Con
ditions are established under which the stochastic and static versions of G
RT make identical accuracy predictions. These equivalence relations show th
at traditional estimates of perceptual noise may often be corrupted by deci
sional influences. (C) 2000 Academic Press.