What is the meaning of DECISION THEORY?

DECISION THEORY is a body of knowledge and related analytical techniques of different degrees of formality designed to help a decision maker choose among a set of alternatives in light of their possible consequences.

3
 
|15 years ago|311 views|share |citing 
APABarry Goldsmith. (2010). decision theory. Retrieved September 21, 2026, from http://smartdefine.org/decision_theory/definitions/1151604
ChicagoBarry Goldsmith. 2010. "decision theory" http://smartdefine.org/decision_theory/definitions/1151604 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, decision theory, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/decision_theory/definitions/1151604>.
MLABarry Goldsmith. "decision theory" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/decision_theory/definitions/1151604>