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

Try this search on Wikipedia, OneLook, Google

Nearby terms:

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