decision theory

from The Free On-line Dictionary of Computing (8 July 2008)
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.

   (1995-09-22)
antiflux / dictionary / decision theory
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