The ability to form a Theory of Mind (ToM), i.e., to theorize about others’ mental states to explain and predict behavior in relation to attributed intentional states, constitutes a hallmark of human cognition. These abilities are multi-faceted and include a variety of different cognitive sub-functions. Here, we focus on decision processes in social contexts and review a number of experimental and computational modeling approaches in this field. We provide an overview of experimental accounts and formal computational models with respect to two dimensions: interactivity and uncertainty. Thereby, we aim at capturing the nuances of ToM functions in the context of social decision processes. We suggest there to be an increase in ToM engagement and multiplexing as social cognitive decision-making tasks become more interactive and uncertain. We propose that representing others as intentional and goal directed agents who perform consequential actions is elicited only at the edges of these two dimensions. Further, we argue that computational models of valuation and beliefs follow these dimensions to best allow researchers to effectively model sophisticated ToM-processes. Finally, we relate this typology to neuroimaging findings in neurotypical (NT) humans, studies of persons with autism spectrum (AS), and studies of nonhuman primates.