decision theory

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decision theory

n
(Statistics) statistics the study of strategies for decision-making under conditions of uncertainty in such a way as to maximize the expected utility. See also game theory
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This gives visibility and control over an entire decision strategy, including data quality, predictive models, optimization models, machine learning algorithms, strategy trees and rule flows.
Then they can help you adjust and adapt your decision strategy based on the evolving outcomes.
This decision strategy can be harder or more time-consuming in the moment, but it appears to have the best outcome in the long run, even if it isn't fun," said Zhu.
A smart decision strategy could allow Alexa to achieve what I experienced with Siri: added functionality while maintaining simplicity for the user.
NICEATM and ICCVAM scientists developed an integrated decision strategy that uses the results of non-animal tests and other inputs to predict the results of animal tests to identify potential skin sensitizers.
Each dimension is measured by the mean score of three items; higher scores represent a higher tendency to use the decision strategy.
SMARTS uniquely leverages data in the decision management environment to facilitate the capture of business rules in the context of use cases, asses the impact of changes in the decision strategy, and combine decision logic revealed in historical data with business rules based on business policy and expertise.
When Wan and colleagues investigated how consumers' regulatory focus and the decision strategies they used in processing message information affected their judgments, the results indicated that the effect of fit between regulatory focus and decision strategy on brand judgments was mediated by subjective experience of confidence.
There is no study dealing with appropriate VHO decision strategy in the networks with the FAPs.
That is, South African managers would use a decision strategy consistent with their individualist orientation, whereas West African managers would use a different decision strategy consistent with their collectivist orientation (see Table 2).
Inputs process include the decision issue (the issue that has to be decided upon) and the local decision strategy (including guidelines when to apply this process, typical selection criteria and typical evaluation methods).
However, once an optimal decision strategy has been developed, business rules management software can be used to maintain and execute the strategy, allowing it to be put easily into production.

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