Abstract
To decide is to choose from sets of alternatives. Decision theory is concerned with rationality in choice.
This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman
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Polemarchakis, H.M. (1987). Decision Theory. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_180-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_180-1
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Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-95121-5
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