This paper defends the viability of de-idealization strategies in economic modeling against recent criticism. De-idealization occurs when an idealized assumption of a theoretical model is replaced with a more realistic one. Recently, some scholars have raised objections against the possibility or fruitfulness of de-idealizing economic models, suggesting that economists do not employ this kind of strategy. We present a detailed case study from the theory of industrial organization, discussing three different models, two of which can be construed as de-idealized versions (...) of the first (the so-called Bertrand model of oligopoly). We conclude that recent pessimism about de-idealization in economics is largely unfounded, and that de-idealization strategies are not only possible but also widely employed in economics. (shrink)

The literature in agent-based social simulation suggests that a model is validated when it is shown to ‘successfully’, ‘adequately’ or ‘satisfactorily’ represent the target phenomenon. The notion of ‘successful’, ‘adequate’ or ‘satisfactory’ representation, however, is both underspecified and difficult to generalise, in part, because practitioners use a multiplicity of criteria to judge representation, some of which are not entirely dependent on the testing of a computational model during validation processes. This article argues that practitioners should address social epistemology to achieve (...) a deeper understanding of how warrants for belief in the adequacy of representation are produced. Two fundamental social processes for validation: interpretation and commensuration, are discussed to justify this claim. The analysis is advanced with a twofold aim. First, it shows that the conceptualisation of validation could greatly benefit from incorporating elements of social epistemology, for the criteria used to judge adequacy of representation are influenced by the social, cognitive and physical organisation of social simulation. Second, it evidences that standardisation tools such as protocols and frameworks fall short in accounting for key elements of social epistemology that affect different instances of validation processes. (shrink)