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decision theory
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decision theory

Theory 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.



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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.
Application of structured decision-making tools to defense acquisition by Gensure, John R. / Defense A R Journal
making a choice that is good enough) is the most common decision strategy.
Balancing intuition and reason: tuning in to indecision by Nichols, Jane L. / The Journal of Rehabilitation
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.
Educators Gather to Study 'The Forgotten Subject': Decision Skills by Business Wire
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