Cost-Benefit versus Expected Utility Acceptance Rules

Abstract
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 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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DOI 10.1007/BF00132453
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References found in this work BETA
Inductive Inconsistencies.Carl G. Hempel - 1960 - Synthese 12 (4):439-69.
Corroboration, Explanation, Evolving Probability, Simplicity and a Sharpened Razor.I. J. Good - 1968 - British Journal for the Philosophy of Science 19 (2):123-143.
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The White Shoe Qua Herring is Pink.I. J. Good - 1968 - British Journal for the Philosophy of Science 19 (2):156-157.

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Three Problems Regarding Medical Triage.T. R. Girill - 1980 - Theoretical Medicine and Bioethics 1 (2):135-153.

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