| 41. | Stopping times occur in decision theory, and the optional stopping theorem is an important result in this context.
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| 42. | They argue that decision theory should be extended so as to allow infinite expectation values in some situations.
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| 43. | The use of Bayesian decision theory in new product development allows for the use of subjective prior information.
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| 44. | Although similar to decision theory, game theory studies decisions that are made in an environment where various players interact.
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| 45. | In informal terms, causal decision theory advises the agent to make the decision with the best expected causal effects.
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| 46. | From 2001 to 2009, he was Professor of Economic Behaviour and Decision Theory at the University of East Anglia.
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| 47. | Leinfellner long viewed game and decision theory as theoretical and methodological frameworks within which the social sciences could be integrated.
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| 48. | Prospect theory has been used to explain a range of phenomena that existing decision theories have great difficulty in explaining.
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| 49. | It is therefore unclear why expected wealth should be a quantity whose maximization should lead to a sound decision theory.
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| 50. | The decoy effect is also an example of the violation of the independence of irrelevant alternatives axiom of decision theory.
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