Decision theory




<probability> A branch of statistics concerning strategies for decision making in non-deterministic systems.

Decision theory seeks to find strategies that maximise the expected value of a utility function measuring the desirability of possible outcomes.



< Previous Terms Terms Containing decision theory Next Terms >
decimal point
decision problem
decision support
decision support database
Decision Support Systems
 decision theory
 deckle
declarative language
DECmate I
DECnet
decode