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Decision Theory

Page history last edited by Dmitry PNGHS 5 months, 1 week ago
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https://en.wikipedia.org/wiki/Decision_Theory

Decision theory (or the theory of choice) is the study of the reasoning underlying an agent's choices.[1] Decision theory can be broken into two branches: normative decision theory, which gives advice on how to make the best decisions, given a set of uncertain beliefs and a set of values; and descriptive decision theory, which analyzes how existing, possibly irrational agents actually make decisions.

Closely related to the field of game theory,[2] decision theory is concerned with the choices of individual agents whereas game theory is concerned with interactions of agents whose decisions affect each other. Decision theory is an interdisciplinary topic, studied by economists, statisticians, psychologists, biologists[3], political and social scientists, and philosophers.[4]

Empirical applications of this rich theory are usually done with the help of statistical and econometric methods, especially via the so-called choice models, such as probit and logit models. Estimation of such models is usually done via parametric, semi-parametric and non-parametric maximum likelihood methods.[5]


Links  

https://en.wikipedia.org/wiki/Choice_theory


https://en.wikipedia.org/wiki/Category:Decision_theory

Subcategories``ёёё]]]

`0-9

`A

` ► Analysis of collective decision-making (2 C)

`B

`C

` ► Cognitive biases (6 C, 203 P)

`D

`E

`F`G

`H`I`J`K`L`M

`N`O

`P

` ► Decision theory paradoxes (1 C, 15 P)

`Q`R

`S

`T`U`V`W`X`Y`Z

Index

``0-9

``A

AIXI

Allegiance bias

``B

` Behavioral operations research

Buyer decision process

``C

` Cognitive bias

Cross-cultural differences in decision-making

``D

` Decision field theory

Decision-making models

Decision Models

Decision rule

Decision-theoretic rough sets

Decoy effect

Default effect (psychology)

Dominating decision rule

``E

` Expected value of perfect information

``F

` Flipism

Fuzzy-trace theory

``G

` Gittins index

``H

``I

` Illusory truth effect

Info-gap decision theory

Institutionalism (international relations)

Intertemporal choice

Intervention theory

``J``K

``L

` Linear partial information

Loss aversion

Luce's choice axiom

``M

` Maximization (psychology)

Mean-preserving spread

Menu dependence

Minimax

Minimax estimator

``N

` Naturalistic decision-making

Negotiation theory

Normative model of decision-making

``O

` Outcome primacy

Overchoice

``P

` Path dependence

Pignistic probability

Polychotomous key

Predispositioning theory

``Q

` Quantum cognition

``R

` Recognition primed decision

Rubicon model (psychology)

``S

` Satisficing

Scoring rule

Secretary problem

Social and Decision Sciences (Carnegie Mellon University)

Sure-thing principle

``T

` Time-inconsistent preferences

Trained incapacity

``U

``V

` Value of information

``W``X``Y``Z

` Causal decision theory

Decision theory

Evidential decision theory

Pages in Other Languages

Categories:

Statistical inference

Risk

Epistemology of science

Economics of uncertainty

Probability theory

Economic theories

Mathematical and quantitative methods (economics)

Hidden categories:

Categories which are included in the JEL classification codes

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