Encyclopedia: Decision Theory
WHAT IS THE ENCYCLOPEDIA?
Decision Science News draws upon theory and method from a range of social and behavioral science disciplines such as economics, psychology, political science, marketing, management, and beyond. The Encyclopedia entries we present here offer a reference containing information on terms, theories, people and concepts within these fields. By providing this easily-accessible resource, we hope to encourage and facilitate interdisciplinary understanding.
Decision Theory: Decision theory is a body of knowledge and related analytical techniques of different degrees of formality designed to help a decision maker choose among a set of alternatives in light of their possible consequences. Decision theory can apply to conditions of certainty, risk, or uncertainty. More…
