decision theory
US /dɪˈsɪʒ.ən ˌθiː.ə.ri/
UK /dɪˈsɪʒ.ən ˌθiː.ə.ri/
1.
Entscheidungstheorie
a theory concerned with the process of making choices, especially under conditions of uncertainty, by analyzing the possible outcomes and their probabilities
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In economics, decision theory helps explain consumer choices.
In der Wirtschaft hilft die Entscheidungstheorie, Konsumentenentscheidungen zu erklären.
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He is studying decision theory as part of his master's degree.
Er studiert Entscheidungstheorie als Teil seines Masterstudiums.