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As Longino Points Out, "One Can't Give an Objectively Open

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As Longino points out, "one can't give an objectively open specification of confirmation that effectively eliminates the role of value-laden assumptions in legitimate scientific inquiry without eliminating auxiliary hypotheses (assumptions) altogether."


Definitions:

Fixed-Cost Fallacy

Consideration of costs that do not vary with the consequences of your decision (also known as the sunk-cost fallacy).

Depreciation Costs

The allocation of the cost of a tangible asset over its useful life, representing the decline in value due to wear and tear, age, or obsolescence.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to pursue a particular action.

Accounting Costs

Costs that appear on the financial statements of a company.

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