Epistemic values and the value of learning

Synthese 187 (2):547-568 (2012)

Abstract
In addition to purely practical values, cognitive values also figure into scientific deliberations. One way of introducing cognitive values is to consider the cognitive value that accrues to the act of accepting a hypothesis. Although such values may have a role to play, such a role does not exhaust the significance of cognitive values in scientific decision-making. This paper makes a plea for consideration of epistemic value —that is, value attaching to a state of belief—and defends the notion of cognitive epistemic value against some criticisms that have been raised. A stability requirement for epistemic value functions is argued for on the basis of considerations of diachronic coherence. This stability requirement is sufficient to obtain the Value of Learning Theorem, which says that the expected utility of cost-free learning cannot be negative. This holds also for cognitive epistemic values, provided that the stability requirement is met
Keywords Epistemic values  Cognitive value  Theory choice  Value of evidence  Proper scoring rules
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Reprint years 2010, 2012
DOI 10.1007/s11229-010-9860-x
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References found in this work BETA

A Nonpragmatic Vindication of Probabilism.James Joyce - 1998 - Philosophy of Science 65 (4):575-603.
Bayes or Bust.John Earman - 1992 - British Journal for the Philosophy of Science 46 (3):399-424.
Belief and the Will.Bas C. van Fraassen - 2010 - In Antony Eagle (ed.), Philosophy of Probability: Contemporary Readings. Routledge. pp. 235-256.

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Citations of this work BETA

Evidence: A Guide for the Uncertain.Kevin Dorst - forthcoming - Philosophy and Phenomenological Research.
A Pragmatist’s Guide to Epistemic Utility.Benjamin Anders Levinstein - 2017 - Philosophy of Science 84 (4):613-638.
On the Evidential Import of Unification.Wayne C. Myrvold - 2017 - Philosophy of Science 84 (1):92-114.
Learning Experiences and the Value of Knowledge.Simon M. Huttegger - 2014 - Philosophical Studies 171 (2):279-288.

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