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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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| This means they envisage the singling out of the best alternative when problem situation models and decision theory methods are used. The journal focuses on the application to legal issues of new insights developed in economic disciplines such as microeconomics and game theory, finance, econometrics, decision theory, political economy and public choice, behavioral economics, social psychology and evolutionary biology. Analytics incorporates advanced actuarial science, statistics, mathematics, econometrics, operations research, marketing data modeling and decision theory to produce simpler, but more powerful tools to discover relationships and predict outcomes. |
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decision theory
