The way scientific discovery has been conceptualized has changed drastically in the last few decades: its relation to logic, inference, methods, and evolution has been deeply reloaded. The ‘philosophical matrix’ moulded by logical empiricism and analytical tradition has been challenged by the ‘friends of discovery’, who opened up the way to a rational investigation of discovery. This has produced not only new theories of discovery, but also new ways of practicing it in a rational and more systematic way. Ampliative rules, (...) methods, heuristic procedures and even a logic of discovery have been investigated, extracted, reconstructed and refined. The outcome is a ‘scientific discovery revolution’: not only a new way of looking at discovery, but also a construction of tools that can guide us to discover something new. This is a very important contribution of philosophy of science to science, as it puts the former in a position not only to interpret what scientists do, but also to provide and improve tools that they can employ in their activity. (shrink)

The terms of a mathematical problem become precise and concise if they are expressed in an appropriate notation, therefore notations are useful to mathematics. But are notations only useful, or also essential? According to prevailing view, they are not essential. Contrary to this view, this paper argues that notations are essential to mathematics, because they may play a crucial role in mathematical discovery. Specifically, since notations may consist of symbolic notations, diagrammatic notations, or a mix of symbolic and diagrammatic notations, (...) notations may play a crucial role in mathematical discovery in different ways. Some examples are given to illustrate these ways. (shrink)

In my paper I focus on the growth of knowledge in finance from an heuristic viewpoint and I propose the analysis of two different knowledge-advancing strategies usually adopted at the frontier of knowledge, i.e. problem-solving and model-building. I show how these two strategies, even though both effective in the short-run, nonetheless provide descriptions of the target object and which are different in their descriptive and knowledge-advancing depth. In order to do so, I propose a case study borrowed from the modelling (...) activities in the Libor market. (shrink)