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