Visual Studio .NET. Definition - What does Visual Studio .NET mean? Visual Studio .NET is a Microsoft-integrated development environment (IDE) that can be used for developing consoles, graphical user interfaces (GUIs), Windows Forms, Web services and Web applications.
Decision theory can be broken into two branches: normative decision theory, which gives advice on how to make the best decisions, given a set of uncertain beliefs and a set of values; and descriptive decision theory, which analyzes how existing, possibly irrational agents actually make decisions.
The Complications. Behavioral economics is just one perspective on decision making. Formal decision analysis has less sex appeal, but itâs just as important. Whatâs more, sometimes the much-maligned cognitive biases embody useful rules of thumb.