Search results
Results From The WOW.Com Content Network
Condorcet's jury theorem is a political science theorem about the relative probability of a given group of individuals arriving at a correct decision. The theorem was first expressed by the Marquis de Condorcet in his 1785 work Essay on the Application of Analysis to the Probability of Majority Decisions .
Sample flowchart representing a decision process when confronted with a lamp that fails to light. In psychology, decision-making (also spelled decision making and decisionmaking) is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options.
A jury theorem is a mathematical theorem proving that, under certain assumptions, a decision attained using majority voting in a large group is more likely to be correct than a decision attained by a single expert.
An argument is correct or incorrect depending on whether the premises offer support for the conclusion. This is often understood in terms of probability: if the premises of a correct argument are true, it raises the probability that its conclusion is also true. Forms of logical reasoning can be distinguished based on how the premises support ...
Decision quality (DQ) is the quality of a decision at the moment the decision is made, regardless of its outcome. Decision quality concepts permit the assurance of both effectiveness and efficiency in analyzing decision problems. [1] In that sense, decision quality can be seen as an extension to decision analysis. Decision quality also ...
Judgement (or judgment) [1] is the evaluation of given circumstances to make a decision. [2] Judgement is also the ability to make considered decisions. The term has at least five distinct uses. In an informal context, a judgement is opinion expressed as fact. Formally, a judgement is the act of evaluating the validity or correctness of a ...
A decision tree is a decision ... are some possible optimizations to consider when looking to make sure the decision tree model produced makes the correct decision or ...
There is a decision to be made – for example; whether to adopt a new technology, wear a new style of clothing, eat in a new restaurant, or support a particular political position; A limited action space exists (e.g. an adopt/reject decision) People make the decision sequentially, and each person can observe the choices made by those who acted ...