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No, traffic is not a factor. Nor "clickability". Your "clicks" will increase if you increase your ranking.

For example if your tittle says "CLICK HERE AND YOU WILL BECOME MILLIONAIRE" and the one above says "Meh." probably, your site will get a few more clicks, maybe because its better optimized than the one above but that's not a factor.

Optimization is not a factor. Reputation, links pointing at you and rich content it is.

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But how can you know this?

Google's algorithms are proprietary, and they have data from tons of sources beyond links (including clicks) that they could be using to guide search relevance. How do you know that they're not?

I don't think number of clickthroughs is considered because of how easy it would be to game.

EDIT: In fact, I recall a guy using MTurk to test this theory. IIRC, He had two similar pages and was having people execute search queries and click on his site to see whether its position would improve as a result of it. Unfortunately, I don't know whether he shared the results.

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