decision theory

noun

Definition of decision theory

: a branch of statistical theory concerned with quantifying the process of making choices between alternatives

Examples of decision theory in a Sentence

Recent Examples on the Web His dissertation was on decision theory, the attempt to quantify the costs and risks of various strategies, which was then coming into vogue as an important part of military planning. Ben Bradlee, The New Yorker, 8 Apr. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'decision theory.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of decision theory

1939, in the meaning defined above

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The first known use of decision theory was in 1939

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Dictionary Entries Near decision theory

decision table

decision theory

decision tree

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Cite this Entry

“Decision theory.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/decision%20theory. Accessed 26 Jan. 2022.

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More from Merriam-Webster on decision theory

Britannica.com: Encyclopedia article about decision theory

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