Question

__________ provides ways and means of weighing up the desirability of goals and the likelihood of achieving them.

Answer 1

Answer:

_Probability theory___ provides ways and means of weighing up the desirability of goals and the likelihood of achieving them.

Probability theory is a mathematical term that is discrete and includes independence , random variables , problems regarding occupancy etc.

Probability theory uses a discrete formulation method that denotes the usage probability in distribution , where a real number is being assigned.

The way they are assigned is such that the range varies between 0 and 1.

Answer 2

Decision theory provides ways and means of weighing up the desirability of goals and the likelihood of achieving them.

Explanation:

• Decision theory can be defined as a theory of desires, beliefs, and other related attitudes of theory of choice.  

• It has been defined that how the above mentioned attitudes are cohere together. In simpler words, it is the study of agent’s choices.

• This decision theory can be broken down into two branches namely 1) normative decision theory, 2) Descriptive decision theory. This decision theory is closely linked to the field of gaming theory.

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