<p>In this thread</p>

<p><a href="https://stats.stackexchange.com/a/105004/35989">What is the difference between a loss function and decision function?</a></p>

<p>MånsT answers nicely about the difference between loss function and decision function. The question is trivial, but the answer provides condense but clear introduction decision-theoretic thinking in statistics.</p>

<p>[Bounty awarded 19 Jun 2016]</p>
