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We consider the problem of decentralized sequential active hypothesis testing (DSAHT), where two transmitting agents, each possessing a private message, are actively helping a third agent–and each other–to learn the message pair over a discrete memoryless multiple access channel (DM-MAC). The third agent (receiver) observes the noisy channel output, which is also available to the transmitting agents via noiseless feedback. We formulate this problem as a decentralized dynamic team, show that optimal transmission policies have a time-invariant domain, and characterize the solution through a dynamic program. Several alternative formulations are discussed involving time-homogenous cost functions and/or variable-length codes, resulting in solutions described through fixed-point, Bellman-type equations. Subsequently, we make connections with the problem of simplifying the multi-letter capacity expressions for the noiseless feedback capacity of the DM-MAC. We show that restricting attention to distributions induced by optimal transmission schemes for the DSAHT problem, without loss of optimality, transforms the capacity expression, so that it can be thought of as the average reward received by an appropriately defined stochastic dynamical system with time-invariant state space.