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Decision Theory Quiz

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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

Decision Theory Quiz

Choose a study mode

Podcast

Questions and Answers

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

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

What does descriptive decision theory analyze?

Which field is decision theory a broad topic studied by?

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

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