Decision theory
STUDY OF AN AGENT'S CHOICES
Decision Theory; Formal decision methods; Decision science; Decision sciences; Empirical decision theory; Decision strategy; Statistical decision theory; Agency dilema; Uncertainty modeling; Uncertainty Modeling; Choice under uncertainty; Decision making under risk; Decision making under uncertainty; Theory of choice; Normative decision theory; Descriptive decision theory; Prescriptive decision theory; Heuristics in decision making
Decision theory (or the theory of choice; not to be confused with choice theory) is a branch of applied probability theory concerned with the theory of making decisions based on assigning probabilities to various factors and assigning numerical consequences to the outcome.