Cost-benefit versus expected utility acceptance rules

Theory and Decision 1 (1):61-88 (1970)
  Copy   BIBTEX

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 (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.

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 91,846

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Cost-Benefit versus Expected Utility Acceptance Rules.Alex C. Michalos - 1970 - PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1970 (1):375-402.
Costs and Benefits of Cost-Benefit Analysis: A Response to Bantz and MacLean.Peter Railton - 1982 - PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1982:261-271.
Decision-Value Utilitarianism.Wesley Cooper - 2008 - Polish Journal of Philosophy 2 (2):39-50.
Variable versus fixed-rate rule-utilitarianism.Brad Hooker & Guy Fletcher - 2008 - Philosophical Quarterly 58 (231):344–352.
Expected utility without utility.E. Castagnoli & M. Li Calzi - 1996 - Theory and Decision 41 (3):281-301.
Introducing Variable-Rate Rule-Utilitarianism.Michael Ridge - 2006 - Philosophical Quarterly 56 (223):242 - 253.
Revealed Preference and Expected Utility.Stephen A. Clark - 2000 - Theory and Decision 49 (2):159-174.
Conditional utility and its place in decision theory.Paul Weirich - 1980 - Journal of Philosophy 77 (11):702-715.
Two errors in the?Allais Impossibility Theorem?Mark J. Machina - 1995 - Theory and Decision 38 (3):231-250.
A Process Approach to the Utility for Gambling.Marc Le Menestrel - 2001 - Theory and Decision 50 (3):249-262.

Analytics

Added to PP
2016-02-04

Downloads
30 (#532,397)

6 months
3 (#973,855)

Historical graph of downloads
How can I increase my downloads?