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  1. What Kind of Explanations Do We Get from Agent-Based Models of Scientific Inquiry?Dunja Šešelja - 2022 - In Tomas Marvan, Hanne Andersen, Hasok Chang, Benedikt Löwe & Ivo Pezlar (eds.), Proceedings of the 16th International Congress of Logic, Methodology and Philosophy of Science and Technology. London: College Publications.
    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 (...)
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  • Models and Explanation.Alisa Bokulich - 2017 - In Magnani Lorenzo & Bertolotti Tommaso Wayne (eds.), Springer Handbook of Model-Based Science. Springer. pp. 103-118.
    Detailed examinations of scientific practice have revealed that the use of idealized models in the sciences is pervasive. These models play a central role in not only the investigation and prediction of phenomena, but in their received scientific explanations as well. This has led philosophers of science to begin revising the traditional philosophical accounts of scientific explanation in order to make sense of this practice. These new model-based accounts of scientific explanation, however, raise a number of key questions: Can the (...)
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  • When the “realism of assumptions” mattered: Milton Friedman's critique of the Phillips curve.Marcos Picchio - 2022 - Studies in History and Philosophy of Science 94 (C):8-16.
    In this paper I challenge the pernicious aspects of Milton Friedman's methodological outlook that continues to hold sway over mainstream neoclassical economists. I do this by showing how Friedman's own methodological dicta could have been used against him when he famously advanced the expectations critique of the Phillips curve at his presidential address to the American Economic Association. I use this case study to further suggest that psychological and neurophysiological data should not be deemed irrelevant to economic science.
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  • Using Pictorial Representations as Story-Telling.Sim-Hui Tee - forthcoming - Foundations of Science:1-21.
    Pictorial representations such as diagrams and figures are widely used in scientific literature for explanatory and descriptive purposes. The intuitive nature of pictorial representations coupled with texts foster a better understanding of the objects of study. Biological mechanisms and processes can be clearly illustrated and grasped in pictures. I argue that pictorial representations describe biological phenomena by telling stories. I elaborate on the role of narrative structures of pictures in the frontier research using a case study in immunology. I articulate (...)
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  • Revisiting abstraction and idealization: how not to criticize mechanistic explanation in molecular biology.Martin Zach - 2022 - European Journal for Philosophy of Science 12 (1):1-20.
    Abstraction and idealization are the two notions that are most often discussed in the context of assumptions employed in the process of model building. These notions are also routinely used in philosophical debates such as that on the mechanistic account of explanation. Indeed, an objection to the mechanistic account has recently been formulated precisely on these grounds: mechanists cannot account for the common practice of idealizing difference-making factors in models in molecular biology. In this paper I revisit the debate and (...)
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  • Understanding with Models.Philippe Verreault-Julien - 2019 - Erasmus Journal for Philosophy and Economics 12 (1):133-136.
  • Non-causal understanding with economic models: the case of general equilibrium.Philippe Verreault-Julien - 2017 - Journal of Economic Methodology 24 (3):297-317.
    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 (...)
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  • How could models possibly provide how-possibly explanations?Philippe Verreault-Julien - 2019 - Studies in History and Philosophy of Science Part A 73:1-12.
    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 (...)
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  • Factive inferentialism and the puzzle of model-based explanation.Philippe Verreault-Julien - 2021 - Synthese 199 (3-4):10039-10057.
    Highly idealized models may serve various epistemic functions, notably explanation, in virtue of representing the world. Inferentialism provides a prima facie compelling characterization of what constitutes the representation relation. In this paper, I argue that what I call factive inferentialism does not provide a satisfactory solution to the puzzle of model-based—factive—explanation. In particular, I show that making explanatory counterfactual inferences is not a sufficient guide for accurate representation, factivity, or realism. I conclude by calling for a more explicit specification of (...)
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  • Describing model relations: The case of the capital asset pricing model (CAPM) family in financial economics.Melissa Vergara-Fernández, Conrad Heilmann & Marta Szymanowska - 2023 - Studies in History and Philosophy of Science Part A 97 (C):91-100.
    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 (...)
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  • Contextualist model evaluation: models in financial economics and index funds.Melissa Vergara-Fernández, Conrad Heilmann & Marta Szymanowska - 2023 - European Journal for Philosophy of Science 13 (1):1-23.
    Philosophers of science typically focus on the epistemic performance of scientific models when evaluating them. Analysing the effects that models may have on the world has typically been the purview of sociologists of science. We argue that the reactive (or “performative”) effects of models should also figure in model evaluations by philosophers of science. We provide a detailed analysis of how models in financial economics created the impetus for the growing importance of the phenomenon of “passive investing” in financial markets. (...)
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  • Bernard Walliser's Comment raisonnent les économistes: les fonctions des modèles. Paris: Odile Jacob, 2011, 278 pp. [REVIEW]Philippe Verreault-Julien - 2012 - Erasmus Journal for Philosophy and Economics 5 (2):144.
  • What is the Problem of Explanation and Modeling?Raphael van Riel - 2017 - Acta Analytica 32 (3):263-275.
  • The content of model-based information.Raphael van Riel - 2015 - Synthese 192 (12):3839-3858.
    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. (...)
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  • How fictional accounts can explain.Robert Sugden - 2013 - Journal of Economic Methodology 20 (3):237 - 243.
    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 (...)
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  • Understanding as Usability and Context-Sensitivity to Interests.Andreas Søndergaard - 2023 - Philosophia 51 (5):2603-2623.
    Is understanding subject to a factivity constraint? That is, must the agent’s representation of some subject matter be accurate in order for her to understand that subject matter? ‘No’, I argue in this paper. As an alternative, I formulate a novel manipulationist account of understanding. Rather than correctly representing, understanding, on this account, is a matter of being able to manipulate a representation of the world to satisfy contextually salient interests. This account of understanding is preferable to factivism, I argue, (...)
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  • Reply to Julian Reiss.Menno Rol - 2013 - Journal of Economic Methodology 20 (3):244 - 249.
    Julian Reiss finds an insoluble paradox in the claims that economic models are at the same time false, nevertheless explanatory, and that only true explanations explain. But the claim that they are false is itself false. A closer look at what ?truth? may mean is needed.
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  • Knowledge in real-world contexts: not glamorous, but indispensable.Patricia Rich - 2023 - Asian Journal of Philosophy 2 (2):1-32.
    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 (...)
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  • The explanation paradox redux.Julian Reiss - 2013 - Journal of Economic Methodology 20 (3):280 - 292.
    I respond to some challenges raised by my critics. In particular, I argue in favour of six claims. First, against Alexandrova and Northcott, I point out that to deny the explanatoriness of economic models by assuming an ontic (specifically, causal) conception of explanation is to beg the question. Second, against defences of causal realism (by Hausman, Mäki, Rol and Grüne-Yanoff) I point out that they have provided no criterion to distinguish those claims a model makes that can be interpreted realistically (...)
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  • Idealization and the Aims of Economics: Three Cheers for Instrumentalism.Julian Reiss - 2012 - Economics and Philosophy 28 (3):363-383.
    This paper aims (a) to provide characterizations of realism and instrumentalism that are philosophically interesting and applicable to economics; and (b) to defend instrumentalism against realism as a methodological stance in economics. Starting point is the observation that ‘all models are false’, which, or so I argue, is difficult to square with the realist's aim of truth, even if the latter is understood as ‘partial’ or ‘approximate’. The three cheers in favour of instrumentalism are: (1) Once we have usefulness, truth (...)
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  • Fact-value entanglement in positive economics.Julian Reiss - 2017 - Journal of Economic Methodology 24 (2):134-149.
    This paper presents arguments that challenge what I call the fact/value separability thesis: the idea, roughly, that factual judgements can be made independently of judgements of value. I will look at arguments to the effect that facts and values are entangled in the following areas of the scientific process in economics: theory development, economic concept formation, economic modelling, hypothesis testing, and hypothesis acceptance.
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  • Thin versus thick accounts of scientific representation.Michael Poznic - 2018 - Synthese 195 (8):3433-3451.
    This paper proposes a novel distinction between accounts of scientific representation: it distinguishes thin accounts from thick accounts. Thin accounts focus on the descriptive aspect of representation whereas thick accounts acknowledge the evaluative aspect of representation. Thin accounts focus on the question of what a representation as such is. Thick accounts start from the question of what an adequate representation is. In this paper, I give two arguments in favor of a thick account, the Argument of the Epistemic Aims of (...)
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  • The Pragmatic Turn in Explainable Artificial Intelligence (XAI).Andrés Páez - 2019 - Minds and Machines 29 (3):441-459.
    In this paper I argue that the search for explainable models and interpretable decisions in AI must be reformulated in terms of the broader project of offering a pragmatic and naturalistic account of understanding in AI. Intuitively, the purpose of providing an explanation of a model or a decision is to make it understandable to its stakeholders. But without a previous grasp of what it means to say that an agent understands a model or a decision, the explanatory strategies will (...)
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  • The Pragmatic Turn in Explainable Artificial Intelligence.Andrés Páez - 2019 - Minds and Machines 29 (3):441-459.
    In this paper I argue that the search for explainable models and interpretable decisions in AI must be reformulated in terms of the broader project of offering a pragmatic and naturalistic account of understanding in AI. Intuitively, the purpose of providing an explanation of a model or a decision is to make it understandable to its stakeholders. But without a previous grasp of what it means to say that an agent understands a model or a decision, the explanatory strategies will (...)
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  • On a paradox of truth, or how not to obscure the issue of whether explanatory models can be true.Uskali Mäki - 2013 - Journal of Economic Methodology 20 (3):268 - 279.
    It is argued that Reiss (2012) fails to refute attempts to resolve the paradox of false explanatory models. His article fails to provide an articulate conception of what exactly the presumed paradox is, it suffers from uncontrolled ambiguities and inconsistencies, and it fails to adequately address accounts of economic models that might contribute to reconciling their apparent falsehood and explanatoriness. Some details in my account of how apparently false models may explain are clarified.
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  • What is the Problem with Model-based Explanation in Economics?Caterina Marchionni - 2017 - Disputatio 9 (47):603-630.
    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 (...)
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  • Scientific understanding and felicitous legitimate falsehoods.Insa Lawler - 2021 - Synthese 198 (7):6859-6887.
    Science is replete with falsehoods that epistemically facilitate understanding by virtue of being the very falsehoods they are. In view of this puzzling fact, some have relaxed the truth requirement on understanding. I offer a factive view of understanding that fully accommodates the puzzling fact in four steps: (i) I argue that the question how these falsehoods are related to the phenomenon to be understood and the question how they figure into the content of understanding it are independent. (ii) I (...)
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  • Model Explanation Versus Model-Induced Explanation.Insa Lawler & Emily Sullivan - 2021 - Foundations of Science 26 (4):1049-1074.
    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 (...)
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  • External representations and scientific understanding.Jaakko Kuorikoski & Petri Ylikoski - 2015 - Synthese 192 (12):3817-3837.
    This paper provides an inferentialist account of model-based understanding by combining a counterfactual account of explanation and an inferentialist account of representation with a view of modeling as extended cognition. This account makes it understandable how the manipulation of surrogate systems like models can provide genuinely new empirical understanding about the world. Similarly, the account provides an answer to the question how models, that always incorporate assumptions that are literally untrue of the model target, can still provide factive explanations. Finally, (...)
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  • Inductive explanation and Garber–Style solutions to the problem of old evidence.David Kinney - 2017 - Synthese:1-15.
    The Problem of Old Evidence is a perennial issue for Bayesian confirmation theory. Garber famously argues that the problem can be solved by conditionalizing on the proposition that a hypothesis deductively implies the existence of the old evidence. In recent work, Hartmann and Fitelson :712–717, 2015) and Sprenger :383–401, 2015) aim for similar, but more general, solutions to the Problem of Old Evidence. These solutions are more general because they allow the explanatory relationship between a new hypothesis and old evidence (...)
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  • Inductive explanation and Garber–Style solutions to the problem of old evidence.David Kinney - 2017 - Synthese 196 (10):3995-4009.
    The Problem of Old Evidence is a perennial issue for Bayesian confirmation theory. Garber (Test Sci Theor 10:99–131, 1983) famously argues that the problem can be solved by conditionalizing on the proposition that a hypothesis deductively implies the existence of the old evidence. In recent work, Hartmann and Fitelson (Philos Sci 82(4):712–717, 2015) and Sprenger (Philos Sci 82(3):383–401, 2015) aim for similar, but more general, solutions to the Problem of Old Evidence. These solutions are more general because they allow the (...)
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  • Models, robustness, and non-causal explanation: a foray into cognitive science and biology.Elizabeth Irvine - 2015 - Synthese 192 (12):3943-3959.
    This paper is aimed at identifying how a model’s explanatory power is constructed and identified, particularly in the practice of template-based modeling (Humphreys, Philos Sci 69:1–11, 2002; Extending ourselves: computational science, empiricism, and scientific method, 2004), and what kinds of explanations models constructed in this way can provide. In particular, this paper offers an account of non-causal structural explanation that forms an alternative to causal–mechanical accounts of model explanation that are currently popular in philosophy of biology and cognitive science. Clearly, (...)
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  • Paradox postponed.Daniel M. Hausman - 2013 - Journal of Economic Methodology 20 (3):250 - 254.
    This comment argues that there is an explanation paradox in economics, as Julian Reiss maintains, only if models in economics succeed in explaining even though they are not approximately true, fail to identify the causes of what they purport to explain, and misdescribe the mechanism by which the causes lead to the effects to be explained. Reiss provides no reason to believe that models that do not describe the causes and mechanisms at work are nevertheless explanatory.
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  • Economic Methodology in the Twenty-First Century (So Far): Some Post-Reflection Reflections.Douglas Wade Hands - 2020 - Revue de Philosophie Économique 20 (2):221-252.
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  • Economic Methodology in the Twenty-First Century (So Far): Some Post-Reflection Reflections.Douglas Wade Hands - 2020 - Revue de Philosophie Économique 20 (2):221-252.
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  • Derivational robustness, credible substitute systems and mathematical economic models: the case of stability analysis in Walrasian general equilibrium theory.D. Wade Hands - 2016 - European Journal for Philosophy of Science 6 (1):31-53.
    This paper supports the literature which argues that derivational robustness can have epistemic import in highly idealized economic models. The defense is based on a particular example from mathematical economic theory, the dynamic Walrasian general equilibrium model. It is argued that derivational robustness first increased and later decreased the credibility of the Walrasian model. The example demonstrates that derivational robustness correctly describes the practices of a particular group of influential economic theorists and provides support for the arguments of philosophers who (...)
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  • Genuineness resolved: a reply to Reiss' purported paradox.Till Grüne-Yanoff - 2013 - Journal of Economic Methodology 20 (3):255 - 261.
    This response to Reiss ?explanatory paradox? argues that some economic models might be true, and that many economic models are not intended for providing how-actually explanations, but rather how-possibly explanations. Therefore, two assumptions of Reiss? paradox are not true, and the paradox disappears.
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  • Three sources of social indeterminacy.Johan Brännmark - 2024 - Philosophical Studies 181 (1):65-82.
    Social ontologists commonly think that our ideas about social entities, and about other people also inhabiting the social realm, play an important role in making those entities into what they are. At the same time, we know that our ideas are often indeterminate in character, which presumably would mean that this indeterminacy should carry over to the social realm. And yet social indeterminacy is a neglected topic in social ontology. It is argued that this neglect can be traced to how (...)
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  • Models as speech acts: the telling case of financial models.Nicolas Brisset - 2018 - Journal of Economic Methodology 25 (1):21-41.
    This paper intends to bring Austinian themes into methodological discussion about models. Using Austinian conceptual vocabulary, I argue that models perform actions in and outside of the academic field. This multiplicity of fields induces a variety of felicity conditions and types of performed actions. If for example, an inference from a model is judged according to some epistemological criteria in the scientific field, the representation of the world which the model carries will not be judged by the same criteria outside (...)
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  • What is seen and what is not seen in the economy: An effect of our evolved psychology.Pascal Boyer & Michael Bang Petersen - 2018 - Behavioral and Brain Sciences 41:e191.
    Specific features of our evolved cognitive architecture explain why some aspects of the economy are “seen” and others are “not seen.” Drawing from the commentaries of economists, psychologists, and other social scientists on our original proposal, we propose a more precise model of the acquisition and spread of folk-beliefs about the economy. In particular, we try to provide a clearer delimitation of the field of folk-economic beliefs (sect. R2) and to dispel possible misunderstandings of the role of variation in evolutionary (...)
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  • New functionalism and the social and behavioral sciences.Lukas Beck & James D. Grayot - 2021 - European Journal for Philosophy of Science 11 (4):1-28.
    Functionalism about kinds is still the dominant style of thought in the special sciences, like economics, psychology, and biology. Generally construed, functionalism is the view that states or processes can be individuated based on what role they play rather than what they are constituted of or realized by. Recently, Weiskopf has posited a reformulation of functionalism on the model-based approach to explanation. We refer to this reformulation as ‘new functionalism’. In this paper, we seek to defend new functionalism and to (...)
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  • The puzzle of idealization: Angela Potochnik: Idealization and the aims of science. Chicago: The University of Chicago Press, 2017, 288 pp. $45.00 HB.N. Emrah Aydinonat - 2019 - Metascience 28 (2):257-260.
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  • It’s Just A Feeling: Why Economic Models Do Not Explain.Anna Alexandrova & Robert Northcott - 2013 - Journal of Economic Methodology 20 (3):262 - 267.
    Julian Reiss correctly identified a trilemma about economic models: we cannot maintain that they are false, but nevertheless explain and that only true accounts explain. In this reply we give reasons to reject the second premise ? that economic models explain. Intuitions to the contrary should be distrusted.
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  • Between Isolations and Constructions: Economic Models as Believable Worlds.Lukasz Hardt - 2016 - Poznan Studies in the Philosophy of the Sciences and the Humanities 106.
    As the title of this essay suggests, my concern is with the issue of what are economic models. However, the goal of the paper is not to offer an in-depth study on multiple approaches to modelling in economics, but rather to overcome the dichotomical divide between conceptualizing models as isolations and constructions. This is done by introducing the idea of economic models as believable worlds, precisely descriptions of mechanisms that refer to the essentials of the modelled targets. In doing so (...)
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  • Robustness, evidence, and uncertainty: an exploration of policy applications of robustness analysis.Nicolas Wüthrich - unknown
    Policy-makers face an uncertain world. One way of getting a handle on decision-making in such an environment is to rely on evidence. Despite the recent increase in post-fact figures in politics, evidence-based policymaking takes centre stage in policy-setting institutions. Often, however, policy-makers face large volumes of evidence from different sources. Robustness analysis can, prima facie, handle this evidential diversity. Roughly, a hypothesis is supported by robust evidence if the different evidential sources are in agreement. In this thesis, I strengthen the (...)
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  • I modelli in economia.Alessandra Basso & Caterina Marchionni - 2015 - Aphex 11.
    The paper reviews the philosophical literature on the epistemology of modelling in contemporary economics. In particular, it focuses on open questions concerning the epistemic role of models, the validity of inferences from the models to the world, and the legitimacy of their use for purposes of explanation, prediction and intervention.
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  • How models represent.James Nguyen - 2016 - Dissertation,
    Scientific models are important, if not the sole, units of science. This thesis addresses the following question: in virtue of what do scientific models represent their target systems? In Part i I motivate the question, and lay out some important desiderata that any successful answer must meet. This provides a novel conceptual framework in which to think about the question of scientific representation. I then argue against Callender and Cohen’s attempt to diffuse the question. In Part ii I investigate the (...)
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  • Models in Science and Engineering: Imagining, Designing and Evaluating Representations.Michael Poznic - 2017 - Dissertation, Delft University of Technology
    The central question of this thesis is how one can learn about particular targets by using models of those targets. A widespread assumption is that models have to be representative models in order to foster knowledge about targets. Thus the thesis begins by examining the concept of representation from an epistemic point of view and supports an account of representation that does not distinguish between representation simpliciter and adequate representation. Representation, understood in the sense of a representative model, is regarded (...)
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  • How does game theory inform economic engineering?Philippe van Basshuysen - unknown
    How is it possible that models from game theory, which are typically highly idealised, can be harnessed for designing institutions through which we interact? I argue that game theory assumes that social interactions have a specific structure, which is uncovered with the help of directed graphs. The graphs make explicit how game theory encodes counterfactual information in natural collections of its models and can therefore be used to track how model-interventions change model-outcomes. For model-interventions to inform real-world design requires the (...)
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  • Explanatory value in context: the curious case of Hotelling’s location model.Emrah Aydinonat & Emin Köksal - 2019 - European Journal of the History of Economic Thought 26 (5):1-32.
    There is a striking contrast between the significance of Harold Hotelling’s contribution to industrial economics and the fact that his location model was invalid, unrealistic and non-robust. It is difficult to make sense of the explanatory value of Hotelling’s model based on philosophical accounts that emphasize logical validity, representational adequacy, and robustness as determinants of explanatory value. However, these accounts are misleading because they overlook the context within which the explanatory value added of a model is apprehensible. We present Hotelling’s (...)
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