decision theory
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noun Statistics.
the theory of making decisions based on assigning probabilities to various factors and assigning numerical consequences to the outcome.
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Origin of decision theory
First recorded in 1960–65
Words nearby decision theory
decision, decision-making, decision procedure, decision support system, decision table, decision theory, decision tree, decisive, Decius, deck, deck-access
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
Example sentences from the Web for decision theory
British Dictionary definitions for decision theory
decision theory
noun
statistics the study of strategies for decision-making under conditions of uncertainty in such a way as to maximize the expected utilitySee also game theory
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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