Cost-Benefit versus Expected Utility Acceptance Rules

A rule for the acceptance of scientific hypotheses called 'the principle of cost-benefit dominance' is shown to be more effective and efficient than the well-known principle of the maximization of expected (epistemic) utility. Harvey's defense of his theory of the circulation of blood in animals is examined as a historical paradigm case of a successful defense of a scientific hypothesis and as an implicit application of the cost-benefit dominance rule advocated here. Finally, various concepts of 'dominance' are considered by means of which the effectiveness of our rule may be increased.
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References found in this work BETA
Robert Ackermann (1961). Inductive Simplicity. Philosophy of Science 28 (2):152-161.
I. J. Good (1968). The White Shoe Qua Herring is Pink. British Journal for the Philosophy of Science 19 (2):156-157.
Nelson Goodman (1959). Recent Developments in the Theory of Simplicity. Philosophy and Phenomenological Research 19 (4):429-446.

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Citations of this work BETA
T. R. Girill (1980). Three Problems Regarding Medical Triage. Theoretical Medicine and Bioethics 1 (2):135-153.
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Peter Railton (1982). Costs and Benefits of Cost-Benefit Analysis: A Response to Bantz and MacLean. PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1982:261 - 271.
Wesley Cooper (2008). Decision-Value Utilitarianism. Polish Journal of Philosophy 2 (2):39-50.
T. R. Girill (1980). Three Problems Regarding Medical Triage. Theoretical Medicine and Bioethics 1 (2):135-153.

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