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 central idea behind the theory is that, when making decisions individuals take into account not. only the consequences that they might get as a result of the action chosen, but also how each. consequence compares with what they would have experienced under the same state of the world, had they chosen differently.