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Decision Theory Quiz
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Decision Theory Quiz

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@TranquilCatSEye

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Questions and Answers

What is the branch of decision theory concerned with identifying optimal decisions?

  • Descriptive decision theory
  • Normative decision theory (correct)
  • Prescriptive decision theory
  • Applied decision theory

    • Which branch of decision theory is concerned with describing observed behaviors through conceptual models?

  • Prescriptive decision theory (correct)
  • Normative decision theory
  • Behavioral decision theory
  • Descriptive decision theory

    • What does descriptive decision theory analyze?

  • How individuals actually make decisions (correct)
  • How to assign probabilities to factors
  • How to optimize decisions
  • How organizations make decisions

    • Which field is decision theory a broad topic studied by?

    <p>Management sciences</p> Signup and view all the answers

    What does decision theory involve assigning to various factors and outcomes?

    <p>Probabilities and numerical consequences</p> Signup and view all the answers

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