Editing Decision analysis (section)

{{Short description|Discipline covering formal decision making}}
'''Decision analysis''' ('''DA''') is the [[Academic discipline|discipline]] comprising the [[philosophy]], [[methodology]], and [[professional]] practice necessary to address important [[Decision making|decisions]] in a formal manner. Decision analysis includes many procedures, methods, and tools for identifying, clearly representing, and formally assessing important aspects of a decision; for prescribing a recommended course of action by applying the maximum [[Expected_utility_hypothesis|expected-utility]] [[action axiom|axiom]] to a well-formed representation of the decision; and for translating the formal representation of a decision and its corresponding recommendation into insight for the [[Decision making|decision maker]], and other corporate and non-corporate [[Stakeholder (corporate)|stakeholders]].