The Decision Analysis Society (INFORMS) Publication Award is given annually to the best decision analysis journal article or book published in the second preceding calendar year, as judged by an award committee. For example, publications appearing in the year 2021 would be eligible for consideration in the year 2023. Eligibility is determined by the date on which the publication appeared in print or, for online-only journals, the date on which it was published online by the journal. For this award, decision analysis is defined as a prescriptive approach to provide insight for decision making based on axioms that are logically consistent with the axioms of von Neumann and Morgenstern and of Savage. Key constructs of decision analysis are utility to quantify one’s risk preferences and probability to quantify the state of one's knowledge.
The intent of the award is to recognize the best publication in decision analysis. Contributions could include, but are not limited to, theoretical, methodological, and procedural contributions to decision analysis, descriptions of applications and experimental studies. Publications addressing behavioral aspects of decision making are eligible if the relevance to the theory or practice of prescriptive decision analysis is clear.