2015年12月16日 · Decision theory is concerned with the reasoning underlying an agent’s choices, whether this is a mundane choice between taking the bus or getting a taxi, or a more far-reaching choice about whether to pursue a demanding political career.

Decision theory or the theory of rational choice is a branch of probability, economics, and analytic philosophy that uses the tools of expected utility and probability to model how individuals would behave rationally under uncertainty.

2022年1月26日 · Decision theory refers to a range of econometric and statistical tools for analyzing an individual's choices. In other words, it lets the entity make the best logical decision possible when dealing with uncertain and unknown circumstances.

Now revised and updated, this introduction to decision theory is both accessible and comprehensive, covering topics including decision making under ignorance and risk, the foundations of utility theory, the debate over subjective and objective probability, Bayesianism, causal decision theory, game theory, and social choice theory.

When is close to 0, the decision maker is pessimistic. Do Nothing. If I knew the future, how much I’d regret my decision... Minimize expected regret = maximizing expected reward! • Suppose that the probability of a favorable market is exactly the same as the probability of an unfavorable market. Which alternative would give the greatest Q?

Decision theory is an approach that uses available information to make optimal decisions under uncertainty [11]. In standard decision theory, uncertainty is represented by assuming a set of possible states of the system with a known probability for the occurrence of each state.

2024年9月8日 · Decision Theory is a framework for formulating and solving problems that involve making choices based on the evaluation of outcomes. It integrates various disciplines, including mathematics, statistics, psychology, and economics, to guide decision-making processes.

2024年5月21日 · Decision theory is an interdisciplinary area of study that concerns mathematicians, statisticians, economists, philosophers, managers, politicians, psychologists and anyone else interested in analyses of decisions and their consequences.

2024年5月1日 · Decision theory is an important aspect of management science that focuses on how decisions can be made based on probabilities as well as quantitative and/or qualitative components...

2023年4月24日 · Philosophical decision theory unifies normative studies of belief, desire, and action. Its method distinguishes it from other investigations of choice. Although it draws on the behavioral and social sciences, its task is to advance foundational studies of choice rather than empirical investigations of it.