Both decision theory and epistemology are interested in the foundations of rational thought and the role of beliefs. Unlike many approaches in epistemology, the main focus of decision theory lies less in the theoretical and more in the practical side, exploring how beliefs are translated into action. Decision theorists examine the reasoning involved in decision-making and the standards of good decisions. They identify beliefs as a central aspect of decision-making. One of their innovations is to distinguish between weaker and stronger beliefs. This helps them take the effect of uncertainty on decisions into consideration.
Both decision theory and epistemology are interested in the foundations of rational thought and the role of beliefs Unlike many approaches in epistemology the main focus of decision theory lies less in the theoretical and more in the practical side exploring how beliefs are translated into action Decision theorists examine the reasoning involved in decision-making and the standards of good decisions They identify beliefs as a central aspect of decision-making One of their innovations is to distinguish between weaker and stronger beliefs This helps them take the effect of uncertainty on decisions into consideration