Decision Theory: a framework to help us formulate rules and tactics for making the best decisions possible.

Without an effective method for making correct decisions- you’re flying blind. Maybe you’ll be happy with the outcome or maybe you won’t be? But either way, this 50/50 shot is sub-optimal.

Regret Minimization

Because we can never actually predict the future- Regret Minimization is the best way to choose when faced with a difficult decision.

Regret Minimization is choosing the decision that, if it does not work out as you had planned, you will regret less. Minimizing the regret you would feel if the path you take doesn’t work out. …

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Adelaida Diaz-Roa

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