Word info

decision theory

Noun

Meaning

decision theory (plural decision theories)

A branch of applied probability theory concerned with the theory of decision making based on models describing probabilities, actions, constraints, and preferences.
Synonym: theory of choice

Source: en.wiktionary.org

Examples

The researcher hoping to break new ground in the theory of experimental design should involve himself in the design of actual experiments. The investigator who hopes to revolutionize decision theory should observe and take part in the making of important decisions. George E. P. Box

Game theory, decision theory, utility theory, social choice theory Decision theory is concerned with identifying the values, uncertainties and other issues relevant in a given decision, its rationality, and the resulting optimal decision. Source: Internet

Decision theory A decision-theoretic derivation of the Born rule from Everettarian assumptions, was produced by David Deutsch (1999) Deutsch, D. (1999). Source: Internet

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