An optimal decision is a decision that leads to at least as good a known or expected outcome as all other available decision options. It is an important...

Markov decision processes, in continuous-time Markov decision processes we want to find the optimal policy or control which could give us the optimal expected...

three branches of decision theory: Normative decision theory: Concerned with the identification of optimal decisions, where optimality is often determined...

the optimal policy in the last time period is specified in advance as a function of the state variable's value at that time, and the resulting optimal value...

to generate such optimal trees have been devised, such as ID3/4/5, CLS, ASSISTANT, and CART. Among decision support tools, decision trees (and influence...

between a made decision and the optimal decision. The theory of regret aversion or anticipated regret proposes that when facing a decision, individuals...

algorithm where locally optimal decisions are made at each node. Such algorithms cannot guarantee to return the globally optimal decision tree. To reduce the...

found that rats and humans can optimally accumulate incoming sensory evidence, to make statistically optimal decisions. Another study found that lesions...

scenario involving optimal stopping theory that is studied extensively in the fields of applied probability, statistics, and decision theory. It is also...

same precision as an optimal design. In practical terms, optimal experiments can reduce the costs of experimentation. The optimality of a design depends...