Definition:Bayesian Decision Theory

From ProofWiki
Jump to navigation Jump to search

Definition

Bayesian decision theory is a branch of decision theory which is informed by Bayesian probability.

It is a statistical system that tries to quantify the tradeoff between various decisions, making use of probabilities and costs.


Also see

  • Results about Bayesian decision theory can be found here.


Source of Name

This entry was named for Thomas Bayes.


Sources