ELI5: Explain Like I'm 5

Evidential decision theory

Evidential decision theory is a way of making decisions that takes into account the evidence we have from when we make a decision. It looks at how certain we are that the decision we are making is the right one, and takes into account things like how much information we have, the cost of making the wrong decision, and what other people might think about it. This way, it helps us make better decisions that are based on the evidence we have available.