What term describes points where decisions occur in decision-making frameworks?

The term "decision node" accurately describes points in decision-making frameworks where choices must be made. In the context of decision analysis, a decision node represents a point where a decision-maker must select from among multiple alternatives or options. These nodes are typically depicted in decision trees or influence diagrams, highlighting the specific junctures in the decision-making process.

This concept is crucial because it helps to model the process of decision-making visually, allowing individuals to analyze the implications of different choices and their potential outcomes. By clearly identifying decision nodes, it becomes easier to systematically evaluate the consequences of each alternative, leading to more informed decision-making.

Other terms such as decision strategy, decision tree, and influence diagram have different meanings and structures within decision theory. A decision strategy refers to a plan or method for making decisions, while a decision tree is a graphical representation of different decisions and their possible consequences, including decision nodes as part of it. An influence diagram is a more compact representation that includes decisions, uncertainties, and outcomes but does not solely focus on the decision points themselves.