Decision Theory
/dɪˈsɪʒ.ən ˈθɪə.ri/
Definitions
- (n.) The study of principles and rules guiding rational decision-making under conditions of uncertainty, often applied in legal contexts to predict and analyze the behavior of parties and institutions.
Decision theory helps courts assess the likely outcomes of different legal strategies.
Forms
- decision theory
Related terms
See also
Commentary
Decision theory is useful in legal scholarship for modeling how individuals or entities make choices with legal consequences, especially under uncertainty.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.