Liberal Dictionary English Dictionary
noun Statistics.
- the theory of making decisions based on assigning probabilities to various factors and assigning numerical consequences to the outcome.
noun
- statistics the study of strategies for decision-making under conditions of uncertainty in such a way as to maximize the expected utilitySee also game theory
Basics of Decision Theory – How Medical Diagnosis Apps Work – The
Decision Theory (Stanford Encyclopedia of Philosophy)
There are 4 basic elements in decision theory: acts, events