Economics Dictionary of ArgumentsHome | |||
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Decision Theory - Economics Dictionary of Arguments | |||
Decision theory: Decision theory is the study of how to make optimal decisions in the face of uncertainty. It is a branch of applied probability theory and analytic philosophy. Decision theory uses mathematical models to represent decision problems and to identify the best decision to make in a given situation. These models take into account the different options that are available, the probabilities of different outcomes, and the value of different outcomes. _____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Item | More concepts for author | |
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AI Research | Decision Theory | AI Research | |
Condorcet, Nicolas de | Decision Theory | Condorcet, Nicolas de | |
Griffiths, Tom | Decision Theory | Griffiths, Tom | |
Lewis, David K. | Decision Theory | Lewis, David K. | |
Ed. Martin Schulz, access date 2025-01-15 |