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.
Colleges and universities use Bayesâs theorem to help their students study decision making. In the classroom, the Bayesian approach is more popularly called the decision tree theory; each branch of the tree represents new information that, in turn, changes the odds in making decisions.