 That said, one should be cautious about generalizations sometimes made about the limited role of decision theoretic tools in the study of bounded rationality. Decision theory—broadly construed to include statistical decision theory (Berger 1980)—offers a powerful mathematical toolbox even though historically, particularly in its canonical form, it has traded in psychological myths such as “degrees of belief“ and logical omniscience  (section 1.3).  One benefit of studying axiomatic departures from expected utility theory is to loosen the grip of Bayesian dogma to expand the range of possibilities for applying a growing body of practical and powerful mathematical methods.