follow Dictionary.com

What is the X in X-mas?

decision theory

noun, Statistics.
1.
the theory of making decisions based on assigning probabilities to various factors and assigning numerical consequences to the outcome.
Origin
1960-1965
1960-65
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source
British Dictionary definitions for decision-theory

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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cite This Source

Word of the Day

Difficulty index for decision theory

Few English speakers likely know this word

Word Value for decision

11
13
Scrabble Words With Friends

Quotes with decision-theory