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  1. The Peculiar Logic of the Black-Scholes Model.James Owen Weatherall - 2018 - Philosophy of Science 85 (5):1152-1163.
    The Black-Scholes model of options pricing establishes a theoretical relationship between the “fair” price of an option and other parameters characterizing the option and prevailing market conditions. Here I discuss a common application of the model with the following striking feature: the output of analysis apparently contradicts one of the core assumptions of the model on which the analysis is based. I will present several attitudes one might take toward this situation and argue that it reveals ways in which a (...)
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  • Foregrounding the Background.Helen Longino - 2016 - Philosophy of Science 83 (5):647-661.
    Practice-centric and theory-centric approaches in philosophy of science are described and contrasted. The contrast is developed through an examination of their different treatments of the underdetermination problem. The practice-centric approach is illustrated by a summary of comparative research on approaches in the biology of behavior. The practice-centric approach is defended against charges that it encourages skepticism regarding the sciences.
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