Decision Theory

Decision theory provides a basis for making choices in the face of uncertainty, based on the assignment of probabilities and payoffs to all possible outcomes of each decision. The space of possible actions and states of the world is represented by a decision tree.


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Decision Theory, Decision theory provides a basis for making choices in the face of uncertainty, based on the assignment of probabilities and payoffs to all possible outcomes of each decision. The space of possible actions and states of the world is represented by a decision tree.,