decision theory: Quick Facts

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Facts

Also Known As	decision analysis • statistical decision theory

Topics

von Neumann–Morgenstern utility function expected utility statistics measurement scale Cliometrics Simpson’s paradox cluster analysis regression to the mean statistical quality control law of large numbers sampling Monte Carlo method distribution function

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Key People

Daniel Ellsberg

Daniel Ellsberg

American military analyst and researcher

Herbert A. Simon

Herbert A. Simon

American social scientist