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decision theory

Syllabification: de·ci·sion the·o·ry

Definition of decision theory in English:

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.

Definition of decision theory in:

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