Decision Analysis


Health Economics

  • This typically refers to a formal, essentially utilitarian, method for quantifying decision problems under conditions of uncertainty, in which the probability of each event in a chain of events, along with the consequences of such events, is explicitly stated. Some approaches, like bounded rationality, do not, however, use quantified probabilities.
  • synonymDecision Theory
    (written as decision analysis)


  • noun the mathematical methods for weighing the various factors in making decisions