Agent-based modelling has become a well-established method in social epistemology and philosophy of science but the question of what kind of explanations these models provide remains largely open. This paper is dedicated to this issue. It starts by distinguishing between real-world phenomena, real-world possibilities, and logical possibilities as different kinds of targets which agent-based models can represent. I argue that models representing the former two kinds provide how-actually explanations or causal how-possibly explanations. In contrast, models that represent logical possibilities provide (...) epistemically opaque how-possibly explanations. While highly idealised ABMs in the form in which they are initially proposed typically fall into the last category, the epistemic opaqueness of explanations they provide can be reduced by validation procedures. To this purpose, an examination of results of simulations in terms of classes of models can be particularly helpful. I illustrate this point by discussing a class of ABMs of scientific interaction and the claim that a high degree of interaction can impede scientific inquiry. (shrink)

This paper evaluates Nancy Cartwright’s critique of economic models. Cartwright argues that economics fails to build relevant “nomological machines” able to isolate capacities. In this paper, I contend that many economic models are not used as nomological machines. I give some evidence for this claim and build on an inferential and pragmatic approach to economic modeling. Modeling in economics responds to peculiar inferential norms where a “good” model is essentially a model that enhances our knowledge about possible worlds. As a (...) consequence, models and experiments are very different knowledge-producing devices, at least in economics. (shrink)

This paper discusses the epistemic import of highly abstract and simplified theoretical models using Thomas Schelling’s checkerboard model as an example. We argue that the epistemic contribution of theoretical models can be better understood in the context of a cluster of models relevant to the explanatory task at hand. The central claim of the paper is that theoretical models make better sense in the context of a menu of possible explanations. In order to justify this claim, we introduce a distinction (...) between causal scenarios and causal mechanism schemes. These conceptual tools help us to articulate the basis for modelers’ intuitive confidence that their models make an important epistemic contribution. By focusing on the role of the menu of possible explanations in the evaluation of explanatory hypotheses, it is possible to understand how a causal mechanism scheme can improve our explanatory understanding even in cases where it does not describe the actual cause of a particular phenomenon. (shrink)

One can find in the literature two sets of views concerning the relationship between understanding and explanation: that one understands only if 1) one has knowledge of causes and 2) that knowledge is provided by an explanation. Taken together, these tenets characterize what I call the narrow knowledge account of understanding. While the first tenet has recently come under severe attack, the second has been more resistant to change. I argue that we have good reasons to reject it on the (...) basis of theoretical models that provide how-possibly explanations. These models, while they do not explain in the strict sense, afford understanding. In response, I propose an alternative epistemology of understanding, broad KAU, that takes cases of theoretical modelling into account. (shrink)

How can we use models to understand real phenomena if models misrepresent the very phenomena we seek to understand? Some accounts suggest that models may afford understanding by providing causal knowledge about phenomena via how-possibly explanations. However, general equilibrium models, for example, pose a challenge to this solution since their contribution appears to be purely mathematical results. Despite this, practitioners widely acknowledge that it improves our understanding of the world. I argue that the Arrow–Debreu model provides a mathematical how-possibly explanation (...) which establishes claims of mathematical dependence. The account developed reveals how mathematical knowledge can inform claims about the world, allow ‘what-if-things-had-been-different’ inferences, and thus improve our understanding. (shrink)

One puzzle concerning highly idealized models is whether they explain. Some suggest they provide so-called ‘how-possibly explanations’. However, this raises an important question about the nature of how-possibly explanations, namely what distinguishes them from ‘normal’, or how-actually, explanations? I provide an account of how-possibly explanations that clarifies their nature in the context of solving the puzzle of model-based explanation. I argue that the modal notions of actuality and possibility provide the relevant dividing lines between how-possibly and how-actually explanations. Whereas how-possibly (...) explanations establish claims of possible explanations, how-actually explanations establish claims of actual ones. Models, in turn, simply provide evidence for these claims. (shrink)

The description of how individual models in families of models are related to each other is crucial for the general philosophical understanding of model-based scientific practice. We focus on the Capital Asset Pricing Models (CAPM) family, a cornerstone in financial economics, to provide a descriptive analysis of model relations within a family. We introduce the concepts of theoretical and empirical complementarity to characterise model relations. Our complementarity analysis of model relations has two types of payoff. Specifically regarding the CAPM, our (...) analysis reveals why this model family, which has been empirically contested, has yet remained popular and important: the different models that have been added over time have made new empirically and theoretically complementary contributions to the model family. More generally, our analysis reveals the dynamic character of model-based scientific practice. Characterising relations between models as theoretically and/or empirically complementary yields three hitherto underappreciated lessons: (i) actual modelling purposes are not always primarily epistemic, (ii) a model's individual import is relative, not absolute, and (iii) there is an important interplay between theory and data models. Faithfully characterising scientific modelling in this way facilitates subsequent analysis of models' epistemic import. (shrink)

This paper introduces and defends an account of model-based science that I dub model pluralism. I argue that despite a growing awareness in the philosophy of science literature of the multiplicity, diversity, and richness of models and modeling practices, more radical conclusions follow from this recognition than have previously been inferred. Going against the tendency within the literature to generalize from single models, I explicate and defend the following two core theses: any successful analysis of models must target sets of (...) models, their multiplicity of functions within science, and their scientific context and history and for almost any aspect x of phenomenon y, scientists require multiple models to achieve scientific goal z. (shrink)

The paper offers an account of the structure of information provided by models that relevantly deviate from reality. It is argued that accounts of scientific modeling according to which a model’s epistemic and pragmatic relevance stems from the alleged fact that models give access to possibilities fail. First, it seems that there are models that do not give access to possibilities, for what they describe is impossible. Secondly, it appears that having access to a possibility is epistemically and pragmatically idle. (...) Based on these observations, an alternative is developed. (shrink)

En economía, la investigación se divide en dos grandes metodologías: los modelos teórico-matemáticos y los estudios empíricos. Estudiando modelos teóricos y métodos empíricos ) se da cuenta de las limitaciones de ambos métodos. Se concluye que ninguno de estos puede generar explicaciones de cómo en realidad suceden las cosas, sino que solo de cómo posiblemente suceden. La razón es que ambos necesitan un enlace interpretativo que permita extrapolar desde su propio sistema hacia un sistema objetivo. Los modelos tienen dominio general (...) y pueden dar cuenta de mecanismos. Los RCTs, al contrario, son válidos internamente y están conectados al mundo real, pero su dominio es muy específico. Aunque ninguno logre responder preguntas amplias de un fenómeno de interés, pueden complementarse para generar extrapolaciones más confiables sobre un sistema objetivo. Sin embargo, esto solo podrá hacerse si se conocen bien los mecanismos y el contexto en que ocurre una evidencia. Palabras clave: Causalidad, Mecanismos, Capacidades, Epistemología de la Economía, Generalización de Evidencia. (shrink)

This paper presents an account of how to evaluate formal models of science: models and simulations in social epistemology designed to draw normative conclusions about the social structure of scientific research. I argue that such models should be evaluated according to their representational and predictive accuracy. Using these criteria and comparisons with familiar models from science, I argue that most formal models of science are incapable of supporting normative conclusions.

Econophysics is a new and exciting cross-disciplinary research field that applies models and modelling techniques from statistical physics to economic systems. It is not, however, without its critics: prominent figures in more mainstream economic theory have criticized some elements of the methodology of econophysics. One of the main lines of criticism concerns the nature of the modelling assumptions and idealizations involved, and a particular target are ‘kinetic exchange’ approaches used to model the emergence of inequality within the distribution of individual (...) monetary income. This article will consider such models in detail, and assess the warrant of the criticisms drawing upon the philosophical literature on modelling and idealization. Our aim is to provide the first steps towards informed mediation of this important and interesting interdisciplinary debate, and our hope is to offer guidance with regard to both the practice of modelling inequality, and the inequality of modelling practice. _1_ Introduction _1.1_ Econophysics and its discontents _1.2_ Against burglar economics _2_ Modelling Inequality _2.1_ Mainstream economic models for income distribution _2.2_ Econophysics models for income distribution _3_ Idealizations in Kinetic Exchange Models _3.1_ Binary interactions _3.2_ Conservation principles _3.3_ Exchange dynamics _ 4 _ Fat Tails and Savings _ 5 _ Evaluation. (shrink)

In a broad brush, biological models are often constructed in two general types: as a concrete model; as an abstract model. A concrete model is a material model such as model organisms, while an abstract model is a mathematical or computational model consists of equations or algorithms. Though there are types of biological models that cannot be strictly categorized as either concrete or abstract, they are falling somewhere in between this spectrum. In view of the fact that biological phenomena are (...) sui generis and distinct from physical phenomena in many respects, using the concepts in standard modeling fails to account for the differences between biological sciences and physical sciences. Drawing from the resources of a credible-world account of models in economic modeling, I propose to reinterpret abstract models and concrete models in the light of the credible world account of models. (shrink)

Sometimes, scientific models are either intended to or plausibly interpreted as representing nonactual but possible targets. Call this “hypothetical modeling”. This paper raises two epistemological challenges concerning hypothetical modeling. To begin with, I observe that given common philosophical assumptions about the scope of objective possibility, hypothetical models are fallible with respect to what is objectively possible. There is thus a need to distinguish between accurate and inaccurate hypothetical modeling. The first epistemological challenge is that no account of the epistemology of (...) hypothetical models seems to cohere with the most characteristic function of scientific modeling in general, i.e., surrogative representation. The second epistemological challenge is a version of “reliability challenges” familiar from other areas. There is a challenge to explain how hypothetical models could be a reliable guide to what is possible, given that they are not and cannot be compared against their nonactual targets and updated accordingly. I close with some brief remarks on possible solutions to these challenges. (shrink)

Simple idealized models seem to provide more understanding than opaque, complex, and hyper-realistic models. However, an increasing number of scientists are going in the opposite direction by utilizing opaque machine learning models to make predictions and draw inferences, suggesting that scientists are opting for models that have less potential for understanding. Are scientists trading understanding for some other epistemic or pragmatic good when they choose a machine learning model? Or are the assumptions behind why minimal models provide understanding misguided? In (...) this paper, using the case of deep neural networks, I argue that it is not the complexity or black box nature of a model that limits how much understanding the model provides. Instead, it is a lack of scientific and empirical evidence supporting the link that connects a model to the target phenomenon that primarily prohibits understanding. (shrink)

The paper explores how, in economics and biology, theoretical models are used as explanatory devices. It focuses on a modelling strategy by which, instead of starting with an unexplained regularity in the world, the modeller begins by creating a credible model world. The model world exhibits a regularity, induced by a mechanism in that world. The modeller concludes that there may be a part of the real world in which a similar regularity occurs and that, were that the case, the (...) model would offer an explanation. Little concrete guidance is given about where such a regularity might be found. Three modelling exercises in evolutionary game theory—one from economics and two from biology—are used as case studies. Two of these (one from each discipline) exemplify ‘explanation in search of observation’. The third goes a step further, analysing a regularity in a model world and treating it as informative about the real world, but without saying anything about real phenomena. The paper argues that if the relation between the model and real worlds is understood in terms of similarity, and if modelling is understood as an ongoing discovery process rather than as the demonstration of empirical truths, there can be value in creating explanations before finding the regularities that are to be explained. (shrink)

In this note, I comment on Julian Reiss's paper ?The explanation paradox?. I argue in support of two of the propositions that make up that paradox (that economic models are false, and that they are explanatory) but challenge the third proposition, that only true accounts can explain. I defend the ?credible worlds? account of models as fictions that are explanatory by virtue of similarity relations with real-world phenomena. I argue that Reiss's objections to the role of subjective similarity judgements in (...) explanation illegitimately presuppose the existence of rational criteria by which science can certify the objective validity of its explanation. (shrink)

This paper asks how, in science in general and in economics in particular, theoretical models aid the understanding of real-world phenomena. Using specific models in economics and biology as test cases, it considers three alternative answers: that models are tools for isolating the ‘capacities’ of causal factors in the real world; that modelling is ‘conceptual exploration’ which ultimately contributes to the development of genuinely explanatory theories; and that models are credible counterfactual worlds from which inductive inferences can be made. The (...) paper argues that the ‘credible worlds’ account captures significant aspects of scientific practice, even if many modellers see their work as conceptual exploration. (shrink)

This essay examines the issue of false assumptions in models via a case study of a prominent economic model of sustainable development, wherein the assumption of an infinite future plays a central role. Two proposals are found to be helpful for this case, one based on the concept of derivational robustness and the other on understanding. Both suggest that the assumption of an infinite future, while arguably legitimate in some applications of the model, is problematic with respect to what I (...) call “Parfitian” welfare functions. This result is relevant to debates about discounting the future in economics and environmental ethics. (shrink)

Several philosophers of science claim that scientific toy models afford knowledge of possibility, but answers to the question of why toy models can be expected to competently play this role are scarce. The main line of reply is that toy models support possibility claims insofar as they are credible. I raise a challenge for this credibility-thesis, drawing on a familiar problem for imagination-based modal epistemologies, and argue that it remains unanswered in the current literature. The credibility-thesis has a long way (...) to go if it is to account for the epistemic merits of toy models. (shrink)

Philosophers of science have recently taken care to highlight different modeling practices where scientific models primarily contribute modal information, in the form of for example possibility claims, how-possibly explanations, or counterfactual conditionals. While examples abound, comparatively little attention is being paid to the question of under what conditions, and in virtue of what, models can perform this epistemic function. In this paper, we firstly delineate modal modeling from other modeling practices, and secondly reviewattempts to spell out and explain the epistemic (...) success conditions of modal modeling. The aim is to more clearly expose the respective justificatory strategies of these accounts, and secondly, to identify lacunae where further work is needed. (shrink)

Computational modeling should play a central role in philosophy. In this introduction to our topical collection, we propose a small topology of computational modeling in philosophy in general, and show how the various contributions to our topical collection fit into this overall picture. On this basis, we describe some of the ways in which computational models from other disciplines have found their way into philosophy, and how the principles one found here still underlie current trends in the field. Moreover, we (...) argue that philosophers contribute to computational modeling not only by building their own models, but also by thinking about the various applications of the method in philosophy and the sciences. In this context, we note that models in philosophy are usually simple, while models in the sciences are often more complex and empirically grounded. Bridging certain methodological gaps that arise from this discrepancy may prove to be challenging and fruitful for the further development of computational modeling in philosophy and beyond. (shrink)

This paper argues for theoretical modeling and model-construction as central types of activities that philosophers of social ontology engage in. This claim is defended through a detailed case study and revisionary interpretation of Raimo Tuomela’s account of the we-perspective. My interpretation is grounded in Ronald Giere’s account of scientific models, and argued to be compatible with, but less demanding than Tuomela’s own description of his account as a philosophical theory of the social world. My approach is also suggested to be (...) applicable to many other methodologically naturalist accounts of collective intentionality and social ontology. (shrink)

Within the modeling literature, there is often an implicit assumption about the relationship between a given model and a scientific explanation. The goal of this article is to provide a unified framework with which to analyze the myriad relationships between a model and an explanation. Our framework distinguishes two fundamental kinds of relationships. The first is metaphysical, where the model is identified as an explanation or as a partial explanation. The second is epistemological, where the model produces understanding that is (...) related to the explanation of interest. Our analysis reveals that the epistemological relationships are not always dependent on the metaphysical relationships, contrary to what has been assumed by many philosophers of science. Moreover, we identify several importantly different ways that scientific models instantiate these relationships. We argue that our framework provides novel insights concerning the nature of models, explanation, idealization, and understanding. (shrink)

Highly idealized models, such as the Hawk-Dove game, are pervasive in biological theorizing. We argue that the process and motivation that leads to the introduction of various idealizations into these models is not adequately captured by Michael Weisberg’s taxonomy of three kinds of idealization. Consequently, a fourth kind of idealization is required, which we call hypothetical pattern idealization. This kind of idealization is used to construct models that aim to be explanatory but do not aim to be explanations.

In this article we defend the inferential view of scientific models and idealisation. Models are seen as “inferential prostheses” (instruments for surrogative reasoning) construed by means of an idealisation-concretisation process, which we essentially understand as a kind of counterfactual deformation procedure (also analysed in inferential terms). The value of scientific representation is understood in terms not only of the success of the inferential outcomes arrived at with its help, but also of the heuristic power of representation and their capacity to (...) correct and improve our models. This provides us with an argument against Sugden’s account of credible models: the likelihood or realisticness (their “credibility”) is not always a good measure of their acceptability. As opposed to “credibility” we propose the notion of “enlightening”, which is the capacity of giving us understanding in the sense of an inferential ability. (shrink)

During the past several decades, many epistemologists have argued for and contributed to a paradigm shift according to which knowledge is central to assertion, action, and interaction. This general position stands in sharp contrast to several recently developed accounts regarding specific epistemic contexts. These specific accounts resist applying traditional epistemic norms, including strong knowledge norms, to real-world situations of interest. In particular, I consider recent arguments about the epistemic standards for scientific pronouncements, expert testimony in a political context, and interactive (...) reasoning. I argue, firstly, that knowledge does have a crucial role to play in each case, contrary to appearances. Clarifying the role of knowledge fills gaps in our understanding left open by the existing accounts. Secondly, I show that combining the insights from the knowledge-centric approach and from the more specific accounts provides a new perspective on the open problem of developing an account of knowledge-based decisions. Specifically, I argue that the biggest open problem regarding knowledge-based decisions is not how we respond to uncertainty, but rather how we assess the relevance of our many disparate pieces of knowledge, choosing which to integrate, and how. A strong case emerges for a procedural solution to this part of the problem of how to make knowledge-based decisions. (shrink)

Toy models are highly idealized and extremely simple models. Although they are omnipresent across scientific disciplines, toy models are a surprisingly under-appreciated subject in the philosophy of science. The main philosophical puzzle regarding toy models concerns what the epistemic goal of toy modelling is. One promising proposal for answering this question is the claim that the epistemic goal of toy models is to provide individual scientists with understanding. The aim of this article is to precisely articulate and to defend this (...) claim. In particular, we will distinguish between autonomous and embedded toy models, and then argue that important examples of autonomous toy models are sometimes best interpreted to provide how-possibly understanding, while embedded toy models yield how-actually understanding, if certain conditions are satisfied. _1_ Introduction _2_ Embedded and Autonomous Toy Models _2.1_ Embedded toy models _2.2_ Autonomous toy models _2.3_ Qualification _3_ A Theory of Understanding for Toy Models _3.1_ Preliminaries and requirements _3.2_ The refined simple view _4_ Two Kinds of Understanding with Toy Models _4.1_ Embedded toy models and how-actually understanding _4.2_ Against a how-actually interpretation of all autonomous toy models _4.3_ The how-possibly interpretation of some autonomous toy models _5_ Conclusion. (shrink)

Toy models are highly idealized and extremely simple models. Although they are omnipresent across scientific disciplines, toy models are a surprisingly under-appreciated subject in the philosophy of science. The main philosophical puzzle regarding toy models is that it is an unsettled question what the epistemic goal of toy modeling is. One promising proposal for answering this question is the claim that the epistemic goal of toy models is to provide individual scientists with understanding. The aim of this paper is to (...) precisely articulate and to defend this claim. In particular, we will distinguish between autonomous and embedded toy models, and, then, argue that important examples of autonomous toy models are sometimes best interpreted to provide how-possibly understanding, while embedded toy models yield how-actually understanding, if certain conditions are satisfied. (shrink)

The paper provides a neurophilosophical assessment of a controversy between two neuroeconomic models that compete to identify the putative object of neural utility: goods or actions. We raise two objections to the common view that sees the ‘good-based’ model prevailing over the ‘action-based’ model. First, we suggest extending neuroeconomic model discrimination to all of the models’ neurophilosophical assumptions, showing that action-based assumptions are necessary to explain real-world value-based decisions. Second, we show that the good-based model’s presumption of introducing a normative (...) neural definition of economic choice would arbitrarily restrict the domain of economic choice and consequently of economics. (shrink)

Popper’s ‘Situational Analysis’ (SA) constitutes his methodological proposal for the social sciences. We claim that the two hallmarks of SA are: (i) that scientists assume they possess a ‘wider’ view of the problem-situation than actors do, and (ii) use the model as an ideal ‘benchmark’ scenario to identify thedeviationof actors’ actual behaviour from the former. We argue that SA is not a generalization of the neoclassical theory of individual behaviour but captures instead the methodology adopted by modern behavioural economists. Last, (...) we argue that SA highlights a way of acquiring knowledge that has gone unnoticed in the literature. (shrink)

Theoretical biology and economics are remarkably similar in their reliance on mathematical models, which attempt to represent real world systems using many idealized assumptions. They are also similar in placing a great emphasis on derivational robustness of modeling results. Recently philosophers of biology and economics have argued that robustness analysis can be a method for confirmation of claims about causal mechanisms, despite the significant reliance of these models on patently false assumptions. We argue that the power of robustness analysis has (...) been greatly exaggerated. It is best regarded as a method of discovery rather than confirmation. (shrink)

Intersectionality theory explores the special sorts of disadvantage that arise as the result of occupying multiple disadvantaged demographic categories. One significant methodological problem for the quantitative study of intersectionality is the difficulty of acquiring data sets large enough to produce significant results when one is looking for intersectional effects. For this reason, we argue, simulation methods may be particularly useful to this branch of theorizing because they can generate precise predictions and causal dependencies in a relatively cheap way, and can (...) thus guide future empirical work. We illustrate this point through models which show that intersectional oppression can arise under conditions where social groups are disadvantaged in the emergence of bargaining norms. As we show, intersectional disadvantage can arise even when actors from all social categories are completely identical in terms of preferences and abilities. The conditions necessary to derive such disadvantage are relatively minimal. And when actors behave in ways that reflect stronger intersectional identities, the potential for disadvantage increases. (shrink)

Much philosophical attention has been devoted to whether economic models explain, and more generally to how scientific models represent. Yet there is an issue more practically important to economics than either of these, which I label the efficiency question: regardless of how exactly models represent, or of whether their role is explanatory or something else, is current modeling practice an efficient way to achieve these goals – or should research efforts be redirected? In addition to showing how the efficiency question (...) has been relatively neglected, I give two examples of the kind of analysis it requires. (shrink)

Drawing on ‘interpretational’ accounts of scientific representation, I argue that the use of so-called ‘toy models’ provides no particular philosophical puzzle. More specifically; I argue that once one gives up the idea that models are accurate representations of their targets only if they are appropriately similar, then simple and highly idealized models can be accurate in the same way that more complex models can be. Their differences turn on trading precision for generality, but, if they are appropriately interpreted, toy models (...) should nevertheless be considered accurate representations. A corollary of my discussion is a novel way of thinking about idealization more generally: idealized models may distort features of their targets, but they needn’t misrepresent them. (shrink)

I argue that fictional models, construed as models that misrepresent certain ontological aspects of their target systems, can nevertheless explain why the latter exhibit certain behaviour. They can do this by accurately representing whatever it is that that behaviour counterfactually depends on. However, we should be sufficiently sensitive to different explanatory questions, i.e., ‘why does certain behaviour occur?’ versus ‘why does the counterfactual dependency invoked to answer that question actually hold?’. With this distinction in mind, I argue that whilst fictional (...) models can answer the first sort of question, they do so in an unmysterious way. Moreover, I claim that the second question poses a dilemma for the defender of the idea that fictions can explain: either these models cannot answer these sorts of explanatory questions, precisely because they are fictional; or they can, but in a way that requires reinterpreting them such that they end up accurately representing the ontological basis of the counterfactual dependency, i.e., reinterpreting them so as to rob them of their fictional status. Thus, the existence of explanatory fictions does not put pressure on the idea that accurate representation of some aspect of a target system is a necessary condition on explaining that aspect. (shrink)

This paper defends the thesis of learning from non-causal models: viz. that the study of some model can prompt justified changes in one’s confidence in empirical hypotheses about a real-world target in the absence of any known or predicted similarity between model and target with regards to their causal features. Recognizing that we can learn from non-causal models matters not only to our understanding of past scientific achievements, but also to contemporary debates in the philosophy of science. At one end (...) of the philosophical spectrum, my thesis undermines the views of those who, like Cartwright (Erkenntnis 70:45–58, 2009), follow Hesse (Models and Analogies in Science, Notre Dame, University of Notre Dame Press, 1963) in restricting the possibility of learning from models to only those situations where a model identifies some causal factors present in the target. At the other end of the spectrum, my thesis also helps undermine some extremely permissive positions, e.g., Grüne-Yanoff’s (Erkenntnis 70(1):81–99, 2009, Philos Sci 80(5): 850–861, 2013) claim that learning from a model is possible even in the absence of any similarity at all between model and target. The thesis that we can learn from non-causal models offers a cautious middle ground between these two extremes. (shrink)

Philosophers of science studying scientific practice often consider it a methodological requirement that their conceptualization of "model" closely connects with the understanding and use of models by practicing scientists. Occasionally, this connection has been explicitly made (Hutten 1954, Suppes 1961, Morgan and Morrison 1999, Bailer-Jones 2002, Lehtinen and Kuorikoski 2007, Kuorikoski 2007, Morgan 2012a). These studies have been dominated by a focus on the—relatively similar forms of—mathematical models in physics and economics. Yet it has become increasingly evident that the way (...) models are conceptualized is very different in some other sciences, where philosophers' accounts of models' characteristics and .. (shrink)

Mark Blaug’s normative methodology of economics is an attempt to articulate certain intuitions about how economic science could be improved by making it more “realistic”. I discuss two such articulations, one in terms of falsificationist principles, the other in terms of an alleged trade-off between relevance and mathematical rigour. My conclusion is that Blaug’s methodology is itself unrealistic, both descriptively and normatively. His (well intended) methodological prescriptions for the improvement of economics are not based on a systematic, consistent, descriptively adequate, (...) and normatively viable account. I suggest that Blaug’s intuitions can be developed into a more realistic account by incorporating the analysis of two further topics: economic modelling and the institutions of academic research. (shrink)

This article shows how the MISS account of models—as isolations and surrogate systems—accommodates and elaborates Sugden’s account of models as credible worlds and Hausman’s account of models as explorations. Theoretical models typically isolate by means of idealization, and they are representatives of some target system, which prompts issues of resemblance between the two to arise. Models as representations are constrained both ontologically (by their targets) and pragmatically (by the purposes and audiences of the modeller), and these relations are coordinated by (...) a model commentary. Surrogate models are often about single mechanisms. They are distinguishable from substitute models, which are examined without any concern about their connections with the target. Models as credible worlds are surrogate models that are believed to provide access to their targets on account of their credibility (of which a few senses are distinguished). (shrink)

This article shows how the MISS account of models—as isolations and surrogate systems—accommodates and elaborates Sugden’s account of models as credible worlds and Hausman’s account of models as explorations. Theoretical models typically isolate by means of idealization, and they are representatives of some target system, which prompts issues of resemblance between the two to arise. Models as representations are constrained both ontologically (by their targets) and pragmatically (by the purposes and audiences of the modeller), and these relations are coordinated by (...) a model commentary. Surrogate models are often about single mechanisms. They are distinguishable from substitute models, which are examined without any concern about their connections with the target. Models as credible worlds are surrogate models that are believed to provide access to their targets on account of their credibility (of which a few senses are distinguished). (shrink)

Idealization is ubiquitous in human cognition, and so is the inclination to be puzzled by it: what to make of ideal gas, infinitely large populations, homo economicus, perfectly just society, known to violate matters of fact? This is apparent in social science theorizing, recent philosophy of science analyzing scientific modeling, and the debate over ideal and non-ideal theory in political philosophy. I will offer a set of concepts and principles to improve transparency about the precise contents of idealizations and their (...) distinct functions. (shrink)

We introduce a novel point of view on the “models as mediators” framework in order to emphasize certain important epistemological questions about models in science which have so far been little investigated. To illustrate how this perspective can help answer these kinds of questions, we explore the use of simplified models in high energy physics research beyond the Standard Model. We show in detail how the construction of simplified models is grounded in the need to mitigate pressing epistemic problems concerning (...) the uncertainty inherent in the present theoretical and experimental contexts. (shrink)

The question of whether the idealized models of theoretical economics are explanatory has been the subject of intense philosophical debate. It is sometimes presupposed that either a model provides the actual explanation or it does not provide an explanation at all. Yet, two sets of issues are relevant to the evaluation of model-based explanation: what conditions should a model satisfy in order to count as explanatory and does the model satisfy those conditions. My aim in this paper is to unpack (...) this distinction and show that separating the first set of issues from the second is crucial to an accurate diagnosis of the distinctive challenges that economic models pose. Along the way I sketch a view of model-based explanation in economics that focuses on the role that non-empirical and empirical strategies play in increasing confidence in the adequacy of a given model-based explanation. (shrink)

Scientists appeal to models when explaining phenomena. Such explanations are often dubbed model explanations or model-based explanations. But what are the precise conditions for ME? Are ME special explanations? In our paper, we first rebut two definitions of ME and specify a more promising one. Based on this analysis, we single out a related conception that is concerned with explanations that are induced from working with a model. We call them ‘model-induced explanations’. Second, we study three paradigmatic cases of alleged (...) ME. We argue that all of them are MIE, upon closer examination. Third, we argue that this undermines the building consensus that model explanations are special explanations that, e.g., challenge the factivity of explanation. Instead, it suggests that what is special about models in science is the epistemology behind how models induce explanations. (shrink)

The recognition that models and simulations play a central role in the epistemology of science is about fifteen years old. Although models had long been discussed as possible foundational units in the logical analysis of scientific knowledge, the philosophical study of modelling as a distinct epistemic practice really got going in the wake of the Models as Mediators anthology edited by Margaret Morrison and Mary Morgan. In spite of the broad agreement that in fact much of science is model-based, however, (...) there is still little agreement on pretty much anything else. What are models? Are they representations or fictions, abstract entities or concrete artifacts? Which functions do they play? Can they explain.. (shrink)

Several recent accounts of modeling have focused on the modal dimension of scientific inquiry. More precisely, it has been suggested that there are specific models and modeling practices that are best understood as being geared towards possibilities, a view recently dubbed modal modeling. But modalities encompass much more than mere possibility claims. Besides possibilities, modal modeling can also be used to investigate contingencies, necessities or impossibilities. Although these modal concepts are logically connected to the notion of possibility, not all models (...) are equal in their affordances for these richer modal inferences. This paper investigates the modal extent of selected models and argues that analyzing singular model-target pairings by themselves is typically not enough to explain their modal aptness or to identify the kinds of modalities they can be used to reason about. Furthermore, it is argued that some important concepts that are not explicitly modal - like biological robustness - can be understood modally through their relational nature to a background space of possibilities. In conclusion, it is suggested that the strategy of modal modeling is contrastive, situating particular possibilities in larger modal spaces and studying the structural relations within them. (shrink)

This paper examines two recent approaches to the nature and functioning of economic models: models as isolating representations and models as credible constructions. The isolationist view conceives of economic models as surrogate systems that isolate some of the causal mechanisms or tendencies of their respective target systems, while the constructionist approach treats them rather like pure constructions or fictional entities that nevertheless license different kinds of inferences. I will argue that whereas the isolationist view is still tied to the representationalist (...) understanding of models that takes the model-target dyad as the basic unit of analysis, the constructionist perspective can better accommodate the way we actually acquire knowledge through them. Using the example of Tobin’s ultra-Keynesian model I will show how many of the epistemic characteristics of modelling tend to go unrecognised if too much focus is placed on the model-target dyad. (shrink)