Descriptive decision theory looks at the way decisions are taken in real life, and tries to improve the process.
In statistics, decision theory, and some economic models, a loss function plays a similar role.
One application of membership functions is as capacities in decision theory.
Minimax is a strategy in decision theory and related disciplines.
These can be analyzed in terms of decision theory, using concepts like utility.
As an economist he made contributions to decision theory, monetary policy and other areas.
This was a novel approach compared to traditional decision theory.
Bayesian decision theory can be used in looking at pricing decisions.
In the Bayesian approach to decision theory, the observed is considered fixed.
This article is about the mathematical definition of risk in statistical decision theory.