Plausibility Theory |
Definition: Plausibility Theory is a decision making concept that replaces the expected values calculation of Bayesian Theory with a risk threshold that is more resembling the way decision makers actually (should) make decisions. |
More on plausibility theory. More on individual decision making: Anchoring Bias, Bayesian Theory, Black Swan Theory, Bounded Rationality, Cognitive Bias, more... |
© 2019 MBA Brief - Last updated: 19-3-2019 - Privacy | Terms