decision theory
Word Rarity
Uncommon
Frequency: Zipf frequency 4.67 in modern English
23
Scrabble Score
14
Letters
5
Syllables
11
Unique Chars
Meaning
noun
A branch of applied probability theory concerned with the theory of decision making based on models describing probabilities, actions, constraints, and preferences.
Example Sentences
- "Info-gap decision theory is based on quantitative models and provides numerical decision-support assessments."
- "Decision theory gives a concise framework for making decisions based on models. Its components are a state space forming the range of a set of variables, alternatives or potential actions, and constraints on the decision space a set of consequences of actions, and a preference functional encoding and optimality criterion, involving the costs and value of extra information."
Inflected Forms
decision theories (plural)
Phrases
Frequently Paired Words
Synonyms
theory of choice