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  1. The puzzle of model-based explanation.N. Emrah Aydinonat - 2024 - In Tarja Knuuttila, Natalia Carrillo & Rami Koskinen (eds.), The Routledge Handbook of Philosophy of Scientific Modeling. New York, NY: Routledge.
    Among the many functions of models, explanation is central to the functioning and aims of science. However, the discussions surrounding modeling and explanation in philosophy have largely remained separate from each other. This chapter seeks to bridge the gap by focusing on the puzzle of model-based explanation, asking how different philosophical accounts answer the following question: if idealizations and fictions introduce falsehoods into models, how can idealized and fictional models provide true explanations? The chapter provides a selective and critical overview (...)
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  • Model robustness in economics: the admissibility and evaluation of tractability assumptions.Ryan O’Loughlin & Dan Li - 2022 - Synthese 200 (1):1-23.
    Lisciandra poses a challenge for robustness analysis as applied to economic models. She argues that substituting tractability assumptions risks altering the main mathematical structure of the model, thereby preventing the possibility of meaningfully evaluating the same model under different assumptions. In such cases RA is argued to be inapplicable. However, Lisciandra is mistaken to take the goal of RA as keeping the mathematical properties of tractability assumptions intact. Instead, RA really aims to keep the modeling component while varying the corresponding (...)
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  • Back to the big picture.Anna Alexandrova, Robert Northcott & Jack Wright - 2021 - Journal of Economic Methodology 28 (1):54-59.
    We distinguish between two different strategies in methodology of economics. The big picture strategy, dominant in the twentieth century, ascribed to economics a unified method and evaluated this m...
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  • Model Explanation Versus Model-Induced Explanation.Insa Lawler & Emily Sullivan - 2021 - Foundations of Science 26 (4):1049-1074.
    Scientists appeal to models when explaining phenomena. Such explanations are often dubbed model explanations or model-based explanations. But what are the precise conditions for ME? Are ME special explanations? In our paper, we first rebut two definitions of ME and specify a more promising one. Based on this analysis, we single out a related conception that is concerned with explanations that are induced from working with a model. We call them ‘model-induced explanations’. Second, we study three paradigmatic cases of alleged (...)
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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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  • 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. (...)
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