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Encyclopedia: Decision Theory

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Decision Science News draws upon theory and method from a range of social and behavioral science disciplines such as economics, psychology, political science, marketing, management, and beyond. The Encyclopedia entries we present here offer a reference containing information on terms, theories, people and concepts within these fields. By providing this easily-accessible resource, we hope to encourage and facilitate interdisciplinary understanding.

Decision Theory: Decision theory is a body of knowledge and related analytical techniques of different degrees of formality designed to help a decision maker choose among a set of alternatives in light of their possible consequences. Decision theory can apply to conditions of certainty, risk, or uncertainty. More…


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