arbitration vs decision

arbitration

noun
  • The act or process of arbitrating. 

  • A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute. 

  • In general, a form of justice where both parties designate a person whose ruling they will accept formally. More specifically in Market Anarchist (market anarchy) theory, arbitration designates the process by which two agencies pre-negotiate a set of common rules in anticipation of cases where a customer from each agency is involved in a dispute. 

decision

noun
  • The act of deciding. 

  • A result arrived at by the judges when there is no clear winner at the end of the contest. 

  • Firmness of conviction. 

  • A choice or judgement. 

  • A win or a loss awarded to a pitcher. 

verb
  • To defeat an opponent by a decision of the judges, rather than by a knockout 

How often have the words arbitration and decision occurred in a corpus of books? (source: Google Ngram Viewer )