Normative folk psychology and decision theory

Abstract

Our aim in this paper is to explore two possible directions of interaction between normative folk psychology and decision theory. In one direction, folk psychology plays a regulative role that constrains practical decision‐making. In the other direction, decision theory provides novel tools and norms that shape folk psychology. We argue that these interactions could lead to the emergence of an iterative “decision theoretic spiral," where folk psychology influences decision‐making, decision‐making is studied by decision theory, and decision theory influences folk psychology. Understanding these interactions is important both for the theoretical study of social cognition and decision theory, and also for thinking about how to implement practical interventions into real‐world decision‐making.