decision theory

<probability> A branch of statistics concerning strategies for decision making in non-deterministic systems. Decision theory seeks to find strategies that maximise the expected value of a utility function measuring the desirability of possible outcomes.

Last updated: 1995-09-22

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Nearby terms: decision support « decision support database « Decision Support Systems « decision theory » deckle » declarative language » DECmate I


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Copyright Denis Howe 1985

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