A Review on Decision Theory

Annu Elizabeth Jose , Annmariya Joshy , siji Antony

Index Terms: Decision Maker, Problem Solver, Operation Research

Abstract: Decision theory is a descriptive approach used to classify degree of knowledge and verify the outcomes that is to occur.There may be success or failure depends on the ability of making correct decisions on time.To arrive under a decision,a decision maker should be accurate to make appropriate decision.Inorder to identify the best one,decision theory is important.This paper attempts to say the decision aspects as a disciplined approach.Decision theory provides a framework for rational decision making in an environment of uncertainity and risk.In certain situations a decision maker needs to make either a single decision or a sequence of decisions.Actually decision theory is the study of a person or agent’s choices.

Published Paper   E-Certificate

"A Review on Decision Theory", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.8, Issue 3, page no.1379 - 1381, March-2023, Available :https://ijsdr.org/papers/IJSDR2303232.pdf

Volume 8 Issue 3, March-2023

Pages : 1379 - 1381

Paper Reg. ID: IJSDR_204960

Published Paper Id: IJSDR2303232

Downloads: 000347219

Research Area: Engineering

Country: -, -, -

Published Paper PDF: https://ijsdr.org/papers/IJSDR2303232

Published Paper URL: https://ijsdr.org/viewpaperforall?paper=IJSDR2303232

ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJSDR(IJ Publication) Janvi Wave

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