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Definition of Decision science

Decision science Definition from Science & Technology Dictionaries & Glossaries
Web Dictionary of Cybernetics and Systems
(a) The study of how decision makers (individuals or groups) chose among a set of alternative courses of actions, and (b) the design of efficient procedures that either aid a decision maker's effort or that evaluate his courses of action according to chosen criteria or policies so that a decision logically follows from the computations. The decision theories respectively arising or underlying these efforts take into consideration the uncertainty of the situation, the information available about consequences, the risks involved, the costs and benefits of each action and the time, resources and preferences a decision maker has at his disposal for making a decision (see optimizing , satisficing ). (Krippendorff )
Decision science Definition from Encyclopedia Dictionaries & Glossaries
English Wikipedia - The Free Encyclopedia
Decision theory (or theory of choice) in economics, psychology, sociology, philosophy, mathematics, computer science, 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 the field of game theory; decision theory is concerned with the choices of individual agents whereas game theory is concerned with interactions of agents whose decisions affect each other.

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