Performance on perceptual tasks improves with practice. Most theories address only accuracy data and tacitly assume that perceptual learning is a monolithic phenomenon. The present study pioneers the use of response time distributions in perceptual learning research. The 27 observers practiced a visual motion-direction discrimination task with filtered-noise textures for four sessions with feedback. Session 5 tested whether the learning effects transferred to the orthogonal direction. The diffusion model (Ratcliff, Psychological Review, 85, 59–108, 1978) achieved good fits to the individual response time distributions from each session and identified two distinct learning mechanisms with markedly different specificities. A stimulus-specific increase in the drift-rate parameter indicated improved sensory input to the decision process, and a stimulus-general decrease in nondecision time variability suggested improved timing of the decision process onset relative to stimulus onset (which was preceded by a beep). A traditional d’ analysis would miss the latter effect, but the diffusion-model analysis identified it in the response time data.