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date: 18 April 2024

decision theory. 

Source:
The Oxford Companion to Philosophy
Author(s):
Jan NarvesonJan Narveson

The abstract (or ‘formal’, or mathematical) theory of decision-making, or more precisely of rational decision-making. The decision-maker is assumed to have a range of objectives, measurable at least in terms of their rank order, though it is theorized that we can also talk of their ‘utility’ or relative degree of preferredness; but it is ... ...

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