Switch to: References

Add citations

You must login to add citations.
  1. 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 (...)
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • 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. (...)
    Download  
     
    Export citation  
     
    Bookmark   2 citations  
  • How to Reconcile a Unified Account of Explanation with Explanatory Diversity.Collin Rice & Yasha Rohwer - 2020 - Foundations of Science 26 (4):1025-1047.
    The concept of explanation is central to scientific practice. However, scientists explain phenomena in very different ways. That is, there are many different kinds of explanation; e.g. causal, mechanistic, statistical, or equilibrium explanations. In light of the myriad kinds of explanation identified in the literature, most philosophers of science have adopted some kind of explanatory pluralism. While pluralism about explanation seems plausible, it faces a dilemma Explanation beyond causation, Oxford University Press, Oxford, pp 39–56, 2018). Either there is nothing that (...)
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • A roadmap to explanatory pluralism: introduction to the topical collection The Biology of Behaviour.Eric Muszynski & Christophe Malaterre - 2020 - Synthese 199 (1-2):1777-1789.
    Pluralism is widely appealed to in many areas of philosophy of science, though what is meant by ‘pluralism’ may profoundly vary. Because explanations of behaviour have been a favoured target for pluralistic theses, the sciences of behaviour offer a rich context in which to further investigate pluralism. This is what the topical collection The Biology of Behaviour: Explanatory pluralism across the life sciences is about. In the present introduction, we briefly review major strands of pluralist theses and their motivations. We (...)
    Download  
     
    Export citation  
     
    Bookmark   2 citations  
  • Counterfactuals and Explanatory Pluralism.Kareem Khalifa, Gabriel Doble & Jared Millson - 2018 - British Journal for the Philosophy of Science 71 (4):1439-1460.
    Recent literature on non-causal explanation raises the question as to whether explanatory monism, the thesis that all explanations submit to the same analysis, is true. The leading monist proposal holds that all explanations support change-relating counterfactuals. We provide several objections to this monist position. 1Introduction2Change-Relating Monism's Three Problems3Dependency and Monism: Unhappy Together4Another Challenge: Counterfactual Incidentalism4.1High-grade necessity4.2Unity in diversity5Conclusion.
    Download  
     
    Export citation  
     
    Bookmark   13 citations  
  • A Defence of Functional Kinds: Multiple Realisability and Explanatory Counterfactuals.Gareth Fuller - 2022 - International Studies in the Philosophy of Science 35 (2):119-133.
    In this paper, I defend an updated account of functional kinds, initially presented by Daniel Weiskopf, from the criticism that functional kinds will not qualify as scientific kinds. An important part of Weiskopf’s account is that functional kinds are multiply realisable. The criticisms I consider avoid discussion of multiple realisability. Instead, it is argued that functional kinds carry inferior counterfactual profiles when compared to other accounts of kinds. I respond to this charge by arguing that this criticism fails to take (...)
    Download  
     
    Export citation  
     
    Bookmark  
  • 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 (...)
    Download  
     
    Export citation  
     
    Bookmark   1 citation