Definition of decision theory in English:

Share this entry

decision theory

Pronunciation:

noun

The mathematical study of strategies for optimal decision-making between options involving different risks or expectations of gain or loss depending on the outcome. Compare with game theory.
Example sentences
  • Current practitioners make largely ad hoc use of statistics, probability, decision theory, graph theory, and tools from artificial intelligence and expert systems design.
  • The other main direction of his work was to study gambling as a source to stimulate problems in probability and decision theory.
  • This sort of reasoning is a simple example from the branch of logic called decision theory.

For editors and proofreaders

Syllabification: de·ci·sion the·o·ry

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.