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statistical-decision theory

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  • Decision theory — in economics, psychology, philosophy, mathematics, and statistics is concerned with identifying the values, uncertainties and other issues relevant in a given decision, its rationality, and the resulting optimal decision. It is closely related to …   Wikipedia

  • Decision Theory — An interdisciplinary approach to determine how decisions are made given unknown variables and an uncertain decision environment framework. Decision theory bring together psychology, statistics, philosophy and mathematics to analyze the decision… …   Investment dictionary

  • decision theory — noun : a branch of statistical theory that attempts to quantify the process of making choices between alternatives * * * deˈcision theory 7 [decision theory] noun uncountable (mathematics …   Useful english dictionary

  • Info-gap decision theory — is a non probabilistic decision theory that seeks to optimize robustness to failure – or opportuneness for windfall – under severe uncertainty,[1][2] in particular applying sensitivity analysis of the stability radius type[3] to perturbations in… …   Wikipedia

  • Regret (decision theory) — Regret (often also called opportunity loss) is defined as the difference between the actual payoff and the payoff that would have been obtained if a different course of action had been chosen. This is also called difference regret. Furthermore,… …   Wikipedia

  • decision theory — noun Date: 1961 a branch of statistical theory concerned with quantifying the process of making choices between alternatives …   New Collegiate Dictionary

  • Decision analysis — (DA) is the discipline comprising the philosophy, theory, methodology, and professional practice necessary to address important decisions in a formal manner. Decision analysis includes many procedures, methods, and tools for identifying, clearly… …   Wikipedia

  • Wald's decision theory — was explicated in his last book, Statistical decision functions [cite book first=Abraham last=Wald authorlink=Abraham Wald title=Statistical Decision Functions year=1950 pages=ix+179 publisher=John Wiley and Sons, New York; Chapman and Hall,… …   Wikipedia

  • Statistical inference — In statistics, statistical inference is the process of drawing conclusions from data that are subject to random variation, for example, observational errors or sampling variation.[1] More substantially, the terms statistical inference,… …   Wikipedia

  • Statistical hypothesis testing — This article is about frequentist hypothesis testing which is taught in introductory statistics. For Bayesian hypothesis testing, see Bayesian inference. A statistical hypothesis test is a method of making decisions using data, whether from a… …   Wikipedia

  • Decision making — For Decision making in groups, see Group decision making. Sample flowchart representing the decision process to add a new article to Wikipedia. Decision making can be regarded as the mental processes (cognitive process) resulting in the selection …   Wikipedia

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