Abstract
Cognitive decision theory was first developed in the early 1960s by Carl G. Hempel and Isaac Levi, who suggested that the acceptance of scientific hypotheses could be based upon the rule of maximizing ‘epistemic utilities’. In contrast with various kinds of ‘practical’ (e.g. economic) benefits, the epistemic utilities should reflect the cognitive aims of scientific inquiry, such as truth, information, systematic power, and simplicity.
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