Advertisement

Advertisement

decision theory

noun

, Statistics.
  1. the theory of making decisions based on assigning probabilities to various factors and assigning numerical consequences to the outcome.


decision theory

noun

  1. statistics the study of strategies for decision-making under conditions of uncertainty in such a way as to maximize the expected utility See also game theory


Discover More

Word History and Origins

Origin of decision theory1

First recorded in 1960–65

Advertisement

Advertisement

Advertisement

Advertisement