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Process by which a choice is made between the options or ways to solve different situations of life in different contexts
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Represents the average value that is expected to happen, by repeating the experiment independently a large number of times
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(Plural) A series of events, in which the probability of an event occurring depends on the immediate previous event.
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Lack of security, confidence or certainty about something, especially when it creates restlessness
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Area of applied mathematics that uses models to study interactions in formalized incentive structures and to carry out decision processes.
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(Plural) Set of actions that are carried out to achieve a certain purpose
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Synonym of certainty (decision making with known states)
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(Singular) Also called utilities, is a term used to designate the gain that is obtained from a process or activity
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(Plural) Amount of money that costs one thing
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Possibility of a setback or misfortune, that someone or something suffers injury or damage