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  1. A plea for realistic assumptions in economic modelling.Leonardo Ivarola - 2018 - Theoria: Revista de Teoría, Historia y Fundamentos de la Ciencia 33 (3):417-433.
    The use of unrealistic assumptions in Economics is usually defended not only for pragmatic reasons, but also because of the intrinsic difficulties in determining the degree of realism of assumptions. Additionally, the criterion used for evaluating economic models is associated with their ability to provide accurate predictions. This mode of thought involves –at least implicitly– a commitment to the existence of unvarying invariant factors or regularities. Contrary to this, the present paper presents a critique to the use of invariant knowledge (...)
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  • Modeling Morality.Walter Veit - 2019 - In Matthieu Fontaine, Cristina Barés-Gómez, Francisco Salguero-Lamillar, Lorenzo Magnani & Ángel Nepomuceno-Fernández (eds.), Model-Based Reasoning in Science and Technology: Inferential Models for Logic, Language, Cognition and Computation. Springer Verlag. pp. 83–102.
    Unlike any other field, the science of morality has drawn attention from an extraordinarily diverse set of disciplines. An interdisciplinary research program has formed in which economists, biologists, neuroscientists, psychologists, and even philosophers have been eager to provide answers to puzzling questions raised by the existence of human morality. Models and simulations, for a variety of reasons, have played various important roles in this endeavor. Their use, however, has sometimes been deemed as useless, trivial and inadequate. The role of models (...)
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  • Homepage Eckhart Arnold.Eckhart Arnold (ed.) - 2001 - Munich: Preprint.
    This is my personal homepage. Find my philosophical papers under "Philosophy".
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  • Understanding with theoretical models.Petri Ylikoski & N. Emrah Aydinonat - 2014 - Journal of Economic Methodology 21 (1):19-36.
    This paper discusses the epistemic import of highly abstract and simplified theoretical models using Thomas Schelling’s checkerboard model as an example. We argue that the epistemic contribution of theoretical models can be better understood in the context of a cluster of models relevant to the explanatory task at hand. The central claim of the paper is that theoretical models make better sense in the context of a menu of possible explanations. In order to justify this claim, we introduce a distinction (...)
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  • Understanding with Models.Philippe Verreault-Julien - 2019 - Erasmus Journal for Philosophy and Economics 12 (1):133-136.
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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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  • Model Pluralism.Walter Veit - 2019 - Philosophy of the Social Sciences 50 (2):91-114.
    This paper introduces and defends an account of model-based science that I dub model pluralism. I argue that despite a growing awareness in the philosophy of science literature of the multiplicity, diversity, and richness of models and modeling practices, more radical conclusions follow from this recognition than have previously been inferred. Going against the tendency within the literature to generalize from single models, I explicate and defend the following two core theses: any successful analysis of models must target sets of (...)
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  • On the Hidden Thought Experiments of Economic Theory.Johanna Thoma - 2016 - Philosophy of the Social Sciences 46 (2):129-146.
    Most papers in theoretical economics contain thought experiments. They take the form of more informal bits of reasoning that precede the presentation of the formal, mathematical models these papers are known for. These thought experiments differ from the formal models in various ways. In particular, they do not invoke the same idealized assumptions about the rationality, knowledge, and preferences of agents. The presence of thought experiments in papers that present formal models, and the fact that they differ from the formal (...)
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  • Sustainability and the Infinite Future: A Case Study of a False Modeling Assumption in Environmental Economics.Daniel Steel - 2017 - Erkenntnis 82 (5):1065-1084.
    This essay examines the issue of false assumptions in models via a case study of a prominent economic model of sustainable development, wherein the assumption of an infinite future plays a central role. Two proposals are found to be helpful for this case, one based on the concept of derivational robustness and the other on understanding. Both suggest that the assumption of an infinite future, while arguably legitimate in some applications of the model, is problematic with respect to what I (...)
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  • Robustness and sensitivity of biological models.Jani Raerinne - 2013 - Philosophical Studies 166 (2):285-303.
    The aim of this paper is to develop ideas about robustness analyses. I introduce a form of robustness analysis that I call sufficient parameter robustness, which has been neglected in the literature. I claim that sufficient parameter robustness is different from derivational robustness, the focus of previous research. My purpose is not only to suggest a new taxonomy of robustness, but also to argue that previous authors have concentrated on a narrow sense of robustness analysis, which they have inadequately distinguished (...)
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  • Are Model Organisms Theoretical Models?Veli-Pekka Parkkinen - 2017 - Disputatio 9 (47):471-498.
    This article compares the epistemic roles of theoretical models and model organisms in science, and specifically the role of non-human animal models in biomedicine. Much of the previous literature on this topic shares an assumption that animal models and theoretical models have a broadly similar epistemic role—that of indirect representation of a target through the study of a surrogate system. Recently, Levy and Currie have argued that model organism research and theoretical modelling differ in the justification of model-to-target inferences, such (...)
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  • MISSing the World. Models as Isolations and Credible Surrogate Systems.Uskali Mäki - 2009 - Erkenntnis 70 (1):29-43.
    This article shows how the MISS account of models—as isolations and surrogate systems—accommodates and elaborates Sugden’s account of models as credible worlds and Hausman’s account of models as explorations. Theoretical models typically isolate by means of idealization, and they are representatives of some target system, which prompts issues of resemblance between the two to arise. Models as representations are constrained both ontologically (by their targets) and pragmatically (by the purposes and audiences of the modeller), and these relations are coordinated by (...)
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  • MISSing the World. Models as Isolations and Credible Surrogate Systems.Uskali Mäki - 2009 - Erkenntnis 70 (1):29-43.
    This article shows how the MISS account of models—as isolations and surrogate systems—accommodates and elaborates Sugden’s account of models as credible worlds and Hausman’s account of models as explorations. Theoretical models typically isolate by means of idealization, and they are representatives of some target system, which prompts issues of resemblance between the two to arise. Models as representations are constrained both ontologically (by their targets) and pragmatically (by the purposes and audiences of the modeller), and these relations are coordinated by (...)
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  • Model robustness as a confirmatory virtue: The case of climate science.Elisabeth A. Lloyd - 2015 - Studies in History and Philosophy of Science Part A 49:58-68.
    I propose a distinct type of robustness, which I suggest can support a confirmatory role in scientific reasoning, contrary to the usual philosophical claims. In model robustness, repeated production of the empirically successful model prediction or retrodiction against a background of independentlysupported and varying model constructions, within a group of models containing a shared causal factor, may suggest how confident we can be in the causal factor and predictions/retrodictions, especially once supported by a variety of evidence framework. I present climate (...)
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  • Derivational Robustness and Indirect Confirmation.Aki Lehtinen - 2018 - Erkenntnis 83 (3):539-576.
    Derivational robustness may increase the degree to which various pieces of evidence indirectly confirm a robust result. There are two ways in which this increase may come about. First, if one can show that a result is robust, and that the various individual models used to derive it also have other confirmed results, these other results may indirectly confirm the robust result. Confirmation derives from the fact that data not known to bear on a result are shown to be relevant (...)
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  • Robustness analysis disclaimer: please read the manual before use!Jaakko Kuorikoski, Aki Lehtinen & Caterina Marchionni - 2012 - Biology and Philosophy 27 (6):891-902.
    Odenbaugh and Alexandrova provide a challenging critique of the epistemic benefits of robustness analysis, singling out for particular criticism the account we articulated in Kuorikoski et al.. Odenbaugh and Alexandrova offer two arguments against the confirmatory value of robustness analysis: robust theorems cannot specify causal mechanisms and models are rarely independent in the way required by robustness analysis. We address Odenbaugh and Alexandrova’s criticisms in order to clarify some of our original arguments and to shed further light on the properties (...)
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  • Economic Modelling as Robustness Analysis.Jaakko Kuorikoski, Aki Lehtinen & Caterina Marchionni - 2010 - British Journal for the Philosophy of Science 61 (3):541-567.
    We claim that the process of theoretical model refinement in economics is best characterised as robustness analysis: the systematic examination of the robustness of modelling results with respect to particular modelling assumptions. We argue that this practise has epistemic value by extending William Wimsatt's account of robustness analysis as triangulation via independent means of determination. For economists robustness analysis is a crucial methodological strategy because their models are often based on idealisations and abstractions, and it is usually difficult to tell (...)
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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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  • Isolating Representations Versus Credible Constructions? Economic Modelling in Theory and Practice.Tarja Knuuttila - 2009 - Erkenntnis 70 (1):59-80.
    This paper examines two recent approaches to the nature and functioning of economic models: models as isolating representations and models as credible constructions. The isolationist view conceives of economic models as surrogate systems that isolate some of the causal mechanisms or tendencies of their respective target systems, while the constructionist approach treats them rather like pure constructions or fictional entities that nevertheless license different kinds of inferences. I will argue that whereas the isolationist view is still tied to the representationalist (...)
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  • Socioeconomic processes as open-ended results. Beyond invariance knowledge for interventionist purposes.Leonardo Ivarola - 2017 - Theoria : An International Journal for Theory, History and Fundations of Science 32 (2):211-229.
    In this paper a critique to philosophical approaches that presuppose invariant knowledge for policy purposes is carried out. It is shown that socioeconomic processes do not fit to the logic of stable causal factors, but they are more suited to the logic of "open-ended results". On the basis of this ontological variation it is argued that ex-ante interventions are not appropriate in the socioeconomic realm. On the contrary, they must be understood in a “dynamic” sense. Finally, derivational robustness analysis is (...)
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  • Aspectos ontológicos y epistémicos de los procesos económicos basados en expectativas. Hacia una ampliación de la agenda en la filosofía de la economía moderna.Leonardo Ivarola - 2015 - Eidos: Revista de Filosofía de la Universidad Del Norte 23:68-92.
    La filosofía estándar de la economía presupone que en el dominio de los fenómenos económicos subyacen regularidades estables, las cuales pueden explicarse mediante el funcionamiento de mecanismos o de máquinas socioeconómicas. Asimismo, se considera que una vez puestos en funcionamiento, su comportamiento no necesita de subsecuentes intervenciones. Esto implica asumir que los procesos socioeconómicos tienen una naturaleza semejante a los de las ciencias naturales. No obstante, dichas regularidades son por lo general examinadas a la luz de algún modelo económico, por (...)
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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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  • Modelling and the fall and rise of the handicap principle.Jonathan Grose - 2011 - Biology and Philosophy 26 (5):677-696.
    The story of the fall and rise of Zahavi’s handicap principle is one of a battle between models. Early attempts at formal modeling produced negative results and, unsurprisingly, scepticism about the principle. A major change came in 1990 with Grafen’s production of coherent models of a handicap mechanism of honest signalling. This paper’s first claim is that acceptance of the principle, and its dissemination into other disciplines, has been driven principally by that, and subsequent modeling, rather than by empirical results. (...)
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  • Learning from Minimal Economic Models.Till Grüne-Yanoff - 2009 - Erkenntnis 70 (1):81-99.
    It is argued that one can learn from minimal economic models. Minimal models are models that are not similar to the real world, do not resemble some of its features, and do not adhere to accepted regularities. One learns from a model if constructing and analysing the model affects one’s confidence in hypotheses about the world. Economic models, I argue, are often assessed for their credibility. If a model is judged credible, it is considered to be a relevant possibility. Considering (...)
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  • Why We Cannot Learn from Minimal Models.Roberto Fumagalli - 2016 - Erkenntnis 81 (3):433-455.
    Philosophers of science have developed several accounts of how consideration of scientific models can prompt learning about real-world targets. In recent years, various authors advocated the thesis that consideration of so-called minimal models can prompt learning about such targets. In this paper, I draw on the philosophical literature on scientific modelling and on widely cited illustrations from economics and biology to argue that this thesis fails to withstand scrutiny. More specifically, I criticize leading proponents of such thesis for failing to (...)
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  • What Is the Epistemic Function of Highly Idealized Agent-Based Models of Scientific Inquiry?Daniel Frey & Dunja Šešelja - 2018 - Philosophy of the Social Sciences 48 (4):407-433.
    In this paper we examine the epistemic value of highly idealized agent-based models of social aspects of scientific inquiry. On the one hand, we argue that taking the results of such simulations as informative of actual scientific inquiry is unwarranted, at least for the class of models proposed in recent literature. Moreover, we argue that a weaker approach, which takes these models as providing only “how-possibly” explanations, does not help to improve their epistemic value. On the other hand, we suggest (...)
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  • What are general models about?Alkistis Elliott-Graves - 2022 - European Journal for Philosophy of Science 12 (4):1–26.
    Models provide scientists with knowledge about target systems. An important group of models are those that are called general. However, what exactly is meant by generality in this context is somewhat unclear. The aim of this paper is to draw out a distinction between two notions of generality that has implications for scientific practice. Some models are general in the sense that they apply to many systems in the world and have many particular targets. Another sense is captured by models (...)
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  • Models and Credibility.Hsiang-Ke Chao - 2014 - Philosophy of the Social Sciences 44 (5):588-605.
    This article argues that the credibility of both theoretical and empirical models in economics is best understood through their connection with the empirical aspects of the real world. The discussion herein demonstrates that the similarity between the model and the real world is not enough to justify a theoretical model’s explanatory power. The best way to secure the model’s credibility is to prove the existence of representation theorems.
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  • Argumentative landscapes: the function of models in social epistemology.N. Emrah Aydinonat, Samuli Reijula & Petri Ylikoski - 2021 - Synthese 199 (1-2):369-395.
    We argue that the appraisal of models in social epistemology requires conceiving of them as argumentative devices, taking into account the argumentative context and adopting a family-of-models perspective. We draw up such an account and show how it makes it easier to see the value and limits of the use of models in social epistemology. To illustrate our points, we document and explicate the argumentative role of epistemic landscape models in social epistemology and highlight their limitations. We also claim that (...)
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  • What’s Wrong with Social Simulations?Eckhart Arnold - 2014 - The Monist 97 (3):359-377.
    This paper tries to answer the question why the epistemic value of so many social simulations is questionable. I consider the epistemic value of a social simulation as questionable if it contributes neither directly nor indirectly to the understanding of empirical reality. To examine this question, two classical social simulations are analyzed with respect to their possible epistemic justification: Schelling’s neighborhood segregation model and Axelrod’s reiterated Prisoner’s Dilemma simulations of the evolution of cooperation. It is argued that Schelling’s simulation is (...)
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  • Philosophy of economics.Daniel M. Hausman - 2008 - Stanford Encyclopedia of Philosophy.
    This is a comprehensive anthology of works concerning the nature of economics as a science, including classic texts and essays exploring specific branches and schools of economics. Apart from the classics, most of the selections in the third edition are new, as are the introduction and bibliography. No other anthology spans the whole field and offers a comprehensive introduction to questions about economic methodology.
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  • Scientific representation.Roman Frigg & James Nguyen - 2016 - Stanford Encyclopedia of Philosophy.
    Science provides us with representations of atoms, elementary particles, polymers, populations, genetic trees, economies, rational decisions, aeroplanes, earthquakes, forest fires, irrigation systems, and the world’s climate. It's through these representations that we learn about the world. This entry explores various different accounts of scientific representation, with a particular focus on how scientific models represent their target systems. As philosophers of science are increasingly acknowledging the importance, if not the primacy, of scientific models as representational units of science, it's important to (...)
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  • Conceptualizing uncertainty: the IPCC, model robustness and the weight of evidence.Margherita Harris - 2021 - Dissertation, London School of Economics
    The aim of this thesis is to improve our understanding of how to assess and communicate uncertainty in areas of research deeply afflicted by it, the assessment and communication of which are made more fraught still by the studies’ immediate policy implications. The IPCC is my case study throughout the thesis, which consists of three parts. In Part 1, I offer a thorough diagnosis of conceptual problems faced by the IPCC uncertainty framework. The main problem I discuss is the persistent (...)
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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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