Theoretical determinism, as it is usually ascribed to Laplace, is neither verifiable nor falsifiable and has therefore no real content. It is not the same as predictability of actually observable phenomena. On the other hand, predictability is not an abstract principle; rather it is true to a certain degree, depending on the phenomena considered. It can be discussed only by examining the scientific state of affairs. This is done in some detail for classical statistical mechanics. Much of a recently published (...) debate on determinism is thereby obviated. (shrink)

While in medicine, comparison of the data supplied by a clinical syndrome with the data supplied by the biological system is used to arrive at the most accurate diagnosis, the same cannot be said of financial economics: the accumulation of statistical results that contradict the Brownian hypothesis used in risk modelling, combined with serious empirical problems in the practical implementation of the Black-Scholes-Merton model, the benchmark theory of mathematical finance founded on the Brownian hypothesis, has failed to change the Brownian (...) representation, which has endured for more than fifty years despite the extent of its invalidation by experience. Without any statistical foundations, one mathematical representation has become the established approach, acting in the minds of practitioners as a “prenotion” in the sense the word is used by Durkheim, i.e. a “schematic, summary representation” which has produced a kind of spontaneous epistemology. The question arises of the persistence of this mathematical representation, which has been the basis for every financial risk modelling approach: how can its long life be explained? How was this spontaneous epistemology formed, and why did it prove to be so persistent? To address this question and offer an answer, I will test the various dynamics of scientific knowledge used with reference to financial modelling. All these dynamics are specific ways of describing the relationship between knowledge of a phenomenon and the phenomenon itself. Observing that it is impossible for the positivist approach to solve the financial puzzle, I turn to the three principal postpositivist dynamics, developed by Kuhn, Lakatos and Quine. I shall try to make to speak these representations of science for financial research, in order to reflect on the dominance of the Brownian representation in finance. We shall see that none of the epistemologies examined can explain why the Brownian representation continues to be used in mathematical finance research. I shall then propose an alternative hypothesis, concerning a significant pervading mental model that has irrigated both academics and practitioners in the financial sector: the “principle of continuity” introduced into economics by Marshall in. I consider that this principle of continuity has become a “persistent idea” in the form of a viral approach to representations, and I give this persistent idea the metaphorical name of the “Brownian virus”. Then, to explain the spread of this Brownian virus through the financial sector, the contamination of financial practices by this mental representation founded on the principle of continuity, I introduce the concept of the “financial Logos”, a discourse that structures practices and organisations, calculations, prudential regulations and accounting standards, leading to a general financialisation of society from the 1980s onwards. (shrink)

The ultimate utility of science is widely agreed upon: the comprehension of reality. But there is much controversy about what scientific understanding actually means, and how we should proceed in order to gain new scientific understanding. Is there a method for acquiring new scientific knowledge? Is this method unique and universal? There has been no shortage of proposals, but neither has there been a shortage of skeptics about these proposals. This article proffers for discussion a potential scientific method that aspires (...) to be unique and universal and is rooted in the recent and ancient history of scientific thinking. Curiously, conclusions can be inferred from this scientific method that also concern education and the transmission of science to others. (shrink)

All the attempts to find the justification of the privileged evolution of phenomena exclusively in the external world need to refer to the inescapable fact that we are living in such an asymmetric universe. This leads us to look for the origin of the “arrow of time” in the relationship between the subject and the world. The anthropic argument shows that the arrow of time is the condition of the possibility of emergence and maintenance of life in the universe. Moreover, (...) according to Bohr’s, Poincaré’s and Watanabe’s analysis, this agreement between the earlier-later direction of entropy increase and the past-future direction of life is the very condition of the possibility for meaningful action, representation and creation. Beyond this relationship of logical necessity between the meaning process and the arrow of time the question of their possible physical connection is explored. To answer affirmatively to this question, the meaning process is modelled as an evolving tree-like structure, called “Semantic Time”, where thermodynamic irreversibility can be shown. (shrink)

Verificationism has had a bad press for many years. The view that the meaning of our words is bound up with the discernible difference it would make if what we say, think or write were true or false, nowadays is scorned as “positivist” though it was shared by eminent empiricists and pragmatists. This paper seeks to sort through some of the complexities of what is often portrayed as an unduly simplistic conception. I begin with an overview of its main logical (...) empiricist varieties before considering which aspects of it fall victim to which of the three major types of objection that have been raised against it. I will conclude that what is left standing is a modest proposal that seems worth further investigation. (shrink)

This paper considers the charge that—contrary to the current widespread assumption accompanying the near-universal neglect of his work—Wilhelm Jerusalem (1854–1923) cannot count as one of the founders of the sociology of (scientific) knowledge. In order to elucidate the matter, Jerusalem’s “sociology of cognition” is here reconstructed in the context of his own work in psychology and philosophy as well as in the context of the work of some predecessors and contemporaries. It is argued that while it shows clear discontinuities with (...) the present-day understanding of the sociology of (scientific) knowledge, Jerusalem’s sociology of cognition was not only distinctive in its own day but also anticipated in nuce a much-discussed theme in current history of science. (shrink)

Taken at face value, a programming language is defined by a formal grammar. But, clearly, there is more to it. By themselves, the naked strings of the language do not determine when a program is correct relative to some specification. For this, the constructs of the language must be given some semantic content. Moreover, to be employed to generate physical computations, a programming language must have a physical implementation. How are we to conceptualize this complex package? Ontologically, what kind of (...) thing is it? In this paper, we shall argue that an appropriate conceptualization is furnished by the notion of a technical artifact. (shrink)

: The increasing attention on experiment in the last two decades has led to important insights into its material, cultural and social dimensions. However, the role of experiment as a tool for generating knowledge has been comparatively poorly studied. What questions are asked in experimental research? How are they treated and eventually resolved? And how do questions, epistemic situations, and experimental activity cohere and shape each other? In my paper, I treat these problems on the basis of detailed studies of (...) research practice. After presenting several cases from the history of electricity—Dufay, Ampère, and Faraday—I discuss a specific type of experiment—the "exploratory experiment"—and analyze how it works in concept formation. I argue that a fuller understanding of experiment can only be achieved by intertwining historical and philosophical perspectives in such a way that the very separation of the two become questioable. (shrink)

Hypothetico-deductive (H-D) confirmation builds on the idea that confirming evidence consists of successful predictions that deductively follow from the hypothesis under test. This article reviews scope, history and recent development of the venerable H-D account: First, we motivate the approach and clarify its relationship to Bayesian confirmation theory. Second, we explain and discuss the tacking paradoxes which exploit the fact that H-D confirmation gives no account of evidential relevance. Third, we review several recent proposals that aim at a sounder and (...) more comprehensive formulation of H-D confirmation. Finally, we conclude that the reputation of hypothetico-deductive confirmation as outdated and hopeless is undeserved: not only can the technical problems be addressed satisfactorily, the hypothetico-deductive method is also highly relevant for scientific practice. (shrink)

When did the concept of model begin to be used in mathematics? This question appears at first somewhat surprising since “model” is such a standard term now in the discourse on mathematics and “modelling” such a standard activity that it seems to be well established since long. The paper shows that the term— in the intended epistemological meaning—emerged rather recently and tries to reveal in which mathematical contexts it became established. The paper discusses various layers of argumentations and reflections in (...) order to unravel and reach the pertinent kernel of the issue. The specific points of this paper are the difference in the epistemological concept to the usually discussed notions of model and the difference between conceptions implied in mathematical practices and their becoming conscious in proper reflections of mathematicians. (shrink)

The reflection on the preconditions and evolution of science has played a decisive role in the development of Ernst Cassirer's philosophy, contributing to its functional and thus inherently pluralistic and holistic view of knowledge. To present Cassirer's conception of physics as an open symbolic formation enables us to reveal and study the radical features of his epistemological model: (1) the fundamental process of generating sense-units and meaning in its constitutive character for each attempt of objectification, (2) its driving and structuring (...) dynamics that touches and transforms all elements of knowledge, the a priori included, (3) the strategies of justification that allow maintaining the claim of truthfulness in spite the fact that Cassirer's open model integrates contingency and transitoriness as an inherent part of knowledge. It thus becomes clear that Cassirer's term 'symbol' cannot be reduced to its habitual representational acceptation, for its key theoretical function is to overcome the inconsistencies of dualistic epistemological models. It is this re-orientation, a kind of 'second Copernican revolution', that allows Cassirer to go beyond traditional dichotomies and to propose a larger frame in which to appreciate the diversity of human understanding. (shrink)

In early major works, Cassirer and Schlick differently recast traditional doctrines of the concept and of the relation of concept to intuitive content along the lines of recent epistemological discussions within the exact sciences. In this, they attempted to refashion epistemology by incorporating as its basic principle the notion of functional coordination, the theoretical sciences' own methodological tool for dispensing with the imprecise and unreliable guide of intuitive evidence. Examining their respective reconstructions of the theory of knowledge provides an axis (...) of comparison along which to locate Cassirer's Neo-Kantianism and Schlick's pre-positivist empiricism, and an immediate background of contrast to the subsequent rise of logical empiricism. For in the absence of intuition all our knowledge is without objects and therefore remains entirely empty. (Kant A62/B87) And how awkward is the human mind in diving the nature of things when forsaken by the analogy of what we see and touch directly? (Boltzmann 1895). (shrink)

Duhem-Quine’s thesis provides plausibility for Feyerabend’s methodological anarchism by showing that the empirical refutation of a theoretical system is as chimerical as its verification. Grünbaum argues against this that such a thesis is untenable. They both agree in the formulation of Duhem’s argument as it was exposed by Quine. However, the exegesis carried out by Quinn, Laudan and Ariew makes it clear that it is a mistake to identify the Duhem-Quine thesis with the Duhem thesis. I argue that, if this (...) is so, then a refutation that can be accepted as such only in retrospect is logically possible. (shrink)

Résumé Dans cet article, nous discuterons de l’intégration du numérique à la sémiotique et proposerons qu’une modélisation conceptuelle puisse offrir un pont de dialogue entre ces deux domaines classiquement cloisonnés. Plus précisément, nous avancerons l’hypothèse que tout projet de recherche qui en appellera à l’informatique soit une démarche scientifique que s’il construit une théorie qui contient, en plus des modèles classiques que sont les modèles formel, computationnel et physique, un modèle conceptuel. Ce lieu, où les chercheur-es conceptualisent les multiples dimensions (...) de leur objet de recherche, sera alors défini en tant que socle d’une relation solide entre la sémiotique et l’informatique. Nous verrons que les différentes définitions du modèle conceptuel convergent vers la thèse soutenant que la connaissance scientifique met en œuvre une instance de conceptualisation qui doit identifier les diverses dimensions du problème en plus de devoir s’exprimer de manière à ce qu’elle soit communicable entre les membres des communautés épistémiques. Nous verrons, enfin, qu’un projet de recherché sémiotique exige la construction d’un tel modèle afin de décrire, généraliser et sélectionner des problèmes et que ce même modèle, conceptuel, sera aussi nécessaire si le ou la sémioticien-ne utilise l’informatique dans le cadre de sa recherche.fr. (shrink)

Probably the most distinctive feature of synthetic biology is its being “synthetic” in some sense or another. For some, synthesis plays a unique role in the production of knowledge that is most distinct from that played by analysis: it is claimed to deliver knowledge that would otherwise not be attained. In this contribution, my aim is to explore how synthetic biology delivers knowledge via synthesis, and to assess the extent to which this knowledge is distinctly synthetic. On the basis of (...) distinctions between knowledge-how and knowledge-why, and between syntheses that succeed and syntheses that fail, I argue that the contribution of synthesis to knowledge is best understood when syntheses are construed as experimental interventions that aim at probing causal relationships between properties of the entities that are combined through these syntheses and properties of their target products. The distinctiveness of synthetic biology in its quest for knowledge through synthesis stems from its ability to sample at will a space of empirical possibilities that is not only huge but also that has been so scarcely sampled by nature. (shrink)

I reject the widely held view that Duhem's 1906 book La Théorie physique is a statement of instrumentalistic conventionalism, motivated by the scientific crisis at the end of the nineteenth century. By considering Duhem's historical context I show that his epistemological views were already formed before the crisis occured; that he consistently supported general thermodynamics against the new atomism; and that he rejected the epistemological views of the latter's philosophical supporters. In particular I show that Duhem rejected Poincaré's account of (...) scientific language, Le Roy's view that laws are definitions, and the conventionalist's use of simplicity as the criterion of theory choice. Duhem regarded most theory choices as decidable on empirical grounds, but made historical context the main determining factor in scientific change. (shrink)

The distinction between data and phenomena introduced by Bogen and Woodward (Philosophical Review 97(3):303–352, 1988) was meant to help accounting for scientific practice, especially in relation with scientific theory testing. Their article and the subsequent discussion is primarily viewed as internal to philosophy of science. We shall argue that the data/phenomena distinction can be used much more broadly in modelling processes in philosophy.

Nineteenth and twentieth century philosophies of science have consistently failed to identify any rational basis for the compelling character of scientific analogies. This failure is particularly worrisome in light of the fact that the development and diffusion of certain scientific analogies, e.g. Darwin’s analogy between domestic breeds and naturally occurring species, constitute paradigm cases of good science. It is argued that the interactivist model, through the notion of a partition epistemology, provides a way to understand the persuasive character of compelling (...) scientific analogies without consigning them to an irrational or arational context of discovery. (shrink)

Theoretical determinism, as it is usually ascribed to Laplace, is neither verifiable nor falsifiable and has therefore no real content. It is not the same as predictability of actually observable phenomena. On the other hand, predictability is not an abstract principle; rather it is true to a certain degree, depending on the phenomena considered. It can be discussed only by examining the scientific state of affairs. This is done in some detail for classical statistical mechanics. Much of a recently published (...) debate on determinism (Amsterdamski et al. 1990) is thereby obviated. (shrink)

Pierre Duhem's often unrecognized influence on twentieth-century philosophy of science is illustrated by an analysis of his significant if also largely unrecognized influence on Albert Einstein. Einstein's first acquaintance with Duhem's La Théorie physique, son objet et sa structure around 1909 is strongly suggested by his close personal and professional relationship with Duhem's German translator, Friedrich Adler. The central role of a Duhemian holistic, underdeterminationist variety of conventionalism in Einstein's thought is examined at length, with special emphasis on Einstein's deployment (...) of Duhemian arguments in his debates with neo-Kantian interpreters of relativity and in his critique of the empiricist doctrines of theory testing advanced by Schlick, Reichenbach, and Carnap. Most striking is Einstein's 1949 criticism of the verificationist conception of meaning from a holistic point of view, anticipating by two years the rather similar, but more famous criticism advanced independently by Quine in Two Dogmas of Empiricism. (shrink)

Interest in the computational aspects of modeling has been steadily growing in philosophy of science. This paper aims to advance the discussion by articulating the way in which modeling and computational errors are related and by explaining the significance of error management strategies for the rational reconstruction of scientific practice. To this end, we first characterize the role and nature of modeling error in relation to a recipe for model construction known as Euler’s recipe. We then describe a general model (...) that allows us to assess the quality of numerical solutions in terms of measures of computational errors that are completely interpretable in terms of modeling error. Finally, we emphasize that this type of error analysis involves forms of perturbation analysis that go beyond the basic model-theoretical and statistical/probabilistic tools typically used to characterize the scientific method; this demands that we revise and complement our reconstructive toolbox in a way that can affect our normative image of science. (shrink)

Ethologists and others studying animal behavior in a spirit are in need of a descriptive language and method that are neither anachronistically bound by behaviorist scruples nor prematurely committed to particular Just such an interim descriptive method can be found in intentional system theory. The use of intentional system theory is illustrated with the case of the apparently communicative behavior of vervet monkeys. A way of using the theory to generate data - including usable, testable data - is sketched. The (...) underlying assumptions of this approach can be seen to ally it directly with theorizing in evolutionary biology, which has recently come under attack from Stephen Gould and Richard Lewontin, who castigate it as the Their arguments, which are strongly analogous to B. F, Skinner's arguments against point to certain pitfalls that attend the careless exercise of such thinking (and rival varieties of thinking as well), but do not constitute a fundamental objection to either adaptationist theorizing or its cousin, intentional system theory. (shrink)