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business decision
Decision Theory

Decision theory (or the theory of choice not to be confused with choice theory) is the study of an agent’s choices. Decision theory can be broken into two branches: normative one, which analyzes the outcomes of decisions or determines the optimal decisions given constraints and assumptions, and descriptive one, which analyzes how agents actually make the decisions they do. Normative decision theory is

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  • Theories of the firm
    • Industrial Organization
      • Competitive Advantage Theory
      • Contingency Theory
      • Institutional Theory
      • Evolutionary Theory of the Firm
      • Theory of Organizational Ecology
      • Behavioral Theory of the Firm
      • Resource Dependence Theory
      • Invisible Hand Theory
    • Managerial Approaches
      • Agency Theory
      • Decision Theory
      • Theory of Organizational Structure
      • Theory of Organizational Power
      • Property Rights Theory
      • The Visible Hand
    • Hypercompetitive Approaches
      • Resource-Based Theory
      • Organizational Learning Theory
      • Transaction Cost Economics
      • Hypercompetition
      • Systems Theory
  • Economic Theories
  • Social Theories
  • Political Theories
  • Philosophies
  • Theology
  • Art Movements
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