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decision theory |
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decision theoryTheory that decisions can best be made by eliminating intuition and subjective criteria and employing a system of mathematical techniques for analysing decision-making problems. The system aims to minimize error, and includes techniques such as game theory, risk analysis, and utility theory. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| For Defense acquisition decisions of high importance and consequence, a decision maker should employ a compensatory, structured decision strategy to arrive at an optimal course of action versus an unstructured heuristic strategy. making a choice that is good enough) is the most common decision strategy. Eric Bickel, an assistant professor at Texas A&M, showed how baseball - a popular topic among young people - could be used as a platform for teaching decision strategy. |
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