dictionary help| decision theory | computing dictionary |
<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.
(01 Mar 1995)
decision support systems, management, decision support techniques < Prev | Next > decision theory, decision tree, decision trees
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| decision theory | medical dictionary |
A theoretical technique utilizing a group of related constructs to describe or prescribe how individuals or groups of people choose a course of action when faced with several alternatives and a variable amount of knowledge about the determinants of the outcomes of those alternatives.
(12 Dec 1998)
decision support systems, management, decision support techniques, decision theory < Prev | Next > decision tree, decision trees, decisive
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