optimal decision
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Optimal decision — An optimal decision is a decision such that no other available decision options will lead to a better outcome. It is an important concept in decision theory. In order to compare the different decision outcomes, one commonly assigns a relative… … Wikipedia
Decision theory — in economics, psychology, philosophy, mathematics, and statistics is concerned with identifying the values, uncertainties and other issues relevant in a given decision, its rationality, and the resulting optimal decision. It is closely related to … Wikipedia
Decision analysis — (DA) is the discipline comprising the philosophy, theory, methodology, and professional practice necessary to address important decisions in a formal manner. Decision analysis includes many procedures, methods, and tools for identifying, clearly… … Wikipedia
Decision tree learning — This article is about decision trees in machine learning. For the use of the term in decision analysis, see Decision tree. Decision tree learning, used in statistics, data mining and machine learning, uses a decision tree as a predictive model… … Wikipedia
decision theory — Statistics. the theory of making decisions based on assigning probabilities to various factors and assigning numerical consequences to the outcome. [1960 65] * * * In statistics and related subfields of philosophy, the theory and method of… … Universalium
Decision making — For Decision making in groups, see Group decision making. Sample flowchart representing the decision process to add a new article to Wikipedia. Decision making can be regarded as the mental processes (cognitive process) resulting in the selection … Wikipedia
Decision Theory — An interdisciplinary approach to determine how decisions are made given unknown variables and an uncertain decision environment framework. Decision theory bring together psychology, statistics, philosophy and mathematics to analyze the decision… … Investment dictionary
decision theory — noun the mathematical study of strategies for optimal decision making between options involving different risks or expectations of gain or loss depending on the outcome. Compare with game theory … English new terms dictionary
DÉCISION — La réflexion moderne sur la question de savoir quel parti prendre lorsqu’on se trouve confronté à un choix difficile a été esquissée pour la première fois par Blaise Pascal, au XVIIe siècle, dans le fameux texte du «pari» sur l’entrée dans la… … Encyclopédie Universelle
Decision engineering — framework Decision Engineering is a framework that unifies a number of best practices for organizational decision making. It is based on the recognition that, in many organizations, decision making could be improved if a more structured approach… … Wikipedia
Optimal discriminant analysis — (ODA) and the related classification tree analysis (CTA) are statistical methods that maximize predictive accuracy. For any specific sample and exploratory or confirmatory hypothesis, optimal discriminant analysis (ODA) identifies the statistical … Wikipedia
