decision theory
noun Statistics.
the theory of making decisions based on assigning probabilities to various factors and assigning numerical consequences to the outcome.
Words nearby decision theory
decipher, decision, decision procedure, decision support system, decision table, decision theory, decision tree, decision-making, decisive, decius, deck
Origin of decision theory
First recorded in 1960–65
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
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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