Examlex
________ assigns a value to a number based on how many standard deviations it stands from the mean and is an example of ________ analytics.
Recognition-Primed Decision Making
A theory of expert decision making holding that decision makers choose options based on analogy of a given situation with previously encountered situations.
Expected Utility
A theory in economics and decision theory that describes how individuals might choose among risky prospects based on the expected outcomes' utility to them.
MAUT
Multi-Attribute Utility Theory, a decision-making framework that evaluates choices based on multiple criteria.
Image Theory
A descriptive theory of decision making positing that the process consists of two stages: (1) a noncompensatory screening of options against the decision maker’s image of values and future, in which the number of options is reduced to a very small set, and (2) a compensatory choice process (if necessary).
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