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The World in the Model: How Economists Work and Think

Cambridge University Press: Cambridge (2012)

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  1. Prediction in selectionist evolutionary theory.Rasmus Gr⊘Nfeldt Winther - 2009 - Philosophy of Science 76 (5):889-901.
    Selectionist evolutionary theory has often been faulted for not making novel predictions that are surprising, risky, and correct. I argue that it in fact exhibits the theoretical virtue of predictive capacity in addition to two other virtues: explanatory unification and model fitting. Two case studies show the predictive capacity of selectionist evolutionary theory: parallel evolutionary change in E. coli, and the origin of eukaryotic cells through endosymbiosis.
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  • From The Best To The Rest: Idealistic Thinking in a Non-Ideal World.David Wiens - forthcoming - New York: Oxford University Press.
    From Plato to the present day, political theorists have used models of idealistic societies to think about politics. How can these idealistic models inform our thinking about political life in our non-ideal world? Not, as many political theorists have hoped, by providing normative guidance -- by showing us how things should be or where we should go. Even still, we can use these models to interpret the concepts we depend on to explain and evaluate political behavior and institutions, thereby sharpening (...)
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  • 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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  • (1 other version)Materials selection in economic modeling.Marcel Boumans - 2023 - Synthese 201 (4):1-17.
    Templates travel because they offer a tractable format that can be used for model-building in a variety of domains. It is often because of this quality that a particular template is chosen. But one cannot assume that there are always templates ready to model a new phenomenon, and moreover, templates have also been designed at some point. A critical aspect of this designing process is the choice of the mathematical objects with which one hopes to capture this phenomenon. This means (...)
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  • (1 other version)Materials Selection in Economic Modeling.Marcel Boumans - manuscript
    Templates travel because they offer a tractable format that can be used for model-building in a variety of domains. It is often because of this quality that a particular template is chosen. But one cannot assume that there are always templates ready to model a new phenomenon, and moreover, templates have also been designed at some point. A critical aspect of this designing process is the choice of the mathematical objects with which one hopes to capture this phenomenon. This means (...)
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  • Building Community Capacity with Philosophy: Toolbox Dialogue and Climate Resilience.Bryan Cwik, Chad Gonnerman, Michael O'Rourke, Brian Robinson & Daniel Schoonmaker - 2022 - Ecology and Society 27 (2).
    In this article, we describe a project in which philosophy, in combination with methods drawn from mental modeling, was used to structure dialogue among stakeholders in a region-scale climate adaptation process. The case study we discuss synthesizes the Toolbox dialogue method, a philosophically grounded approach to enhancing communication and collaboration in complex research and practice, with a mental modeling approach rooted in risk analysis, assessment, and communication to structure conversations among non-academic stakeholders who have a common interest in planning for (...)
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  • Weakness of will. The limitations of revealed preference theory.Aleksander Ostapiuk - 2022 - Acta Oeconomica 1 (72):1-23.
    The phenomenon of weakness of will – not doing what we perceive as the best action – is not recognized by neoclassical economics due to the axiomatic assumptions of the revealed preference theory (RPT) that people do what is best for them. However, present bias shows that people have different preferences over time. As they cannot be compared by the utility measurements, economists need to normatively decide between selves (short- versus long-term preferences). A problem is that neoclassical economists perceive RPT (...)
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  • Revisiting abstraction and idealization: how not to criticize mechanistic explanation in molecular biology.Martin Zach - 2022 - European Journal for Philosophy of Science 12 (1):1-20.
    Abstraction and idealization are the two notions that are most often discussed in the context of assumptions employed in the process of model building. These notions are also routinely used in philosophical debates such as that on the mechanistic account of explanation. Indeed, an objection to the mechanistic account has recently been formulated precisely on these grounds: mechanists cannot account for the common practice of idealizing difference-making factors in models in molecular biology. In this paper I revisit the debate and (...)
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  • (1 other version)Progress in Economics.Catherine Herfeld & Marcel Boumans - 2022 - In Yafeng Shan (ed.), New Philosophical Perspectives on Scientific Progress. New York: Routledge.
    In this chapter, we discuss a specific kind of progress that occurs in most branches of economics today: progress involving the repeated use of mathematical models. We adopt a functional account of progress to argue that progress in economics occurs through the use of what we call “common recipes” and model templates for defining and solving problems of relevance for economists. We support our argument by discussing the case of 20th century business cycle research. By presenting this case study in (...)
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  • Are ABM explanations in the social sciences inevitably individualist?Harold Kincaid & Julie Zahle - 2022 - Synthese 200 (1):1-22.
    Agent-based models are increasingly important in social science research. They have two obvious apparent virtues: they can model complex macrosociological phenomena without strong assumptions about agents and without analytic solutions for models, and they seem to instantiate the methodological individualist program in a concrete way. We argue that the latter claim is false. After providing schematic accounts of ABM models and a first introduction to ways in which to characterize individualist explanations, we work through six conceptions of individualist explanations that (...)
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  • Modelos y pattern predictions en Hayek.Agustina Borella - 2021 - Procesos de Mercado. Revista Europea de Economía Política (2):363-380.
    The Austrian School seems to remain outside the debate on the realism of economic models. In principle, given the association of the term “model” with the Chicago School, and also for understanding that Hayek had critized the model of perfect competition as unrealistic. Even though in previous opportunities we showed how the theory of market as a process could be understood as the model of the Austrian School, and that Hayek’s criticism to the model of perfect competition was not so (...)
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  • Value-free paradise is lost. Economists could learn from artists.Aleksander Ostapiuk - 2020 - Annales. Ethics in Economic Life 23 (4):7-33.
    Despite the conclusions from the contemporary philosophy of science, many economists cherish the ideal of positive science. Therefore, value-free economics is still the central paradigm in economics. The first aim of the paper is to investigate economics' axiomatic assumptions from an epistemological perspective. The critical analysis of the literature shows that the positive-normative dichotomy is exaggerated. Moreover, value-free economics is based on normative foundations that have a negative impact on individuals and society. The paper's second aim is to show that (...)
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  • The epistemology of modal modeling.Ylwa Sjölin Wirling & Till Grüne-Yanoff - 2021 - Philosophy Compass 16 (10):e12775.
    Philosophers of science have recently taken care to highlight different modeling practices where scientific models primarily contribute modal information, in the form of for example possibility claims, how-possibly explanations, or counterfactual conditionals. While examples abound, comparatively little attention is being paid to the question of under what conditions, and in virtue of what, models can perform this epistemic function. In this paper, we firstly delineate modal modeling from other modeling practices, and secondly reviewattempts to spell out and explain the epistemic (...)
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  • The Eclipse of Value-Free Economics. The concept of multiple self versus homo economicus.Aleksander Ostapiuk - 2020 - Wrocław, Polska: Publishing House of Wroclaw University of Economics and Business.
    The books’ goal is to answer the question: Do the weaknesses of value-free economics imply the need for a paradigm shift? The author synthesizes criticisms from different perspectives (descriptive and methodological). Special attention is paid to choices over time, because in this area value-free economics has the most problems. In that context, the enriched concept of multiple self is proposed and investigated. However, it is not enough to present the criticisms towards value-free economics. For scientists, a bad paradigm is better (...)
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  • Extending Similarity-based Epistemology of Modality with Models.Ylwa Sjölin Wirling - 2022 - Ergo: An Open Access Journal of Philosophy 8 (45).
    Empiricist modal epistemologies can be attractive, but are often limited in the range of modal knowledge they manage to secure. In this paper, I argue that one such account – similarity-based modal empiricism – can be extended to also cover justification of many scientifically interesting possibility claims. Drawing on recent work on modelling in the philosophy of science, I suggest that scientific modelling is usefully seen as the creation and investigation of relevantly similar epistemic counterparts of real target systems. On (...)
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  • When Ecology Needs Economics and Economics Needs Ecology: Interdisciplinary Exchange during the Anthropocene.S. Andrew Inkpen & C. Tyler DesRoches - 2020 - Ethics, Policy and Environment 23 (2):203-221.
    1. A multidisciplinary group of scholars within the International Commission on Stratigraphy – known as the Anthropocene Working Group – recently recommended the Anthropocene as a new geological ep...
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  • Novel & worthy: creativity as a thick epistemic concept.Julia Sánchez-Dorado - 2020 - European Journal for Philosophy of Science 10 (3):1-23.
    The standard view in current philosophy of creativity says that being creative has two requirements: being novel and being valuable. The standard view on creativity has recently become an object of critical scrutiny. Hills and Bird have specifically proposed to remove the value requirement from the definition, as it is not clear that creative objects are necessarily valuable or creative people necessarily praiseworthy. In this paper, I argue against Hills and Bird, since eliminating the element of value from the explanation (...)
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  • Understanding the rationality principle in economics as a functional a priori principle.Catherine Https://Orcidorg Herfeld - 2020 - Synthese 198 (Suppl 14):3329-3358.
    Since the early days of economics, the rationality principle has been a core element of economic theorizing. It is part of almost any theoretical framework that economists use to generate knowledge. Despite its central role, the principle’s epistemic status and function continue to be debated between empiricists and rationalists, and a clear winner is yet to emerge. One point of contention is that we cannot explain the principle’s special status in light of clear evidence against its empirical validity and the (...)
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  • The Two Blades of Occam's Razor in Economics: Logical and Heuristic.Giandomenica Becchio - 2020 - Economic Thought 9 (1):1.
    This paper is part of the general debate about the need to rethink economics as a human discipline using a heuristic to describe its object, about the need to explicitly reject the positivistic approach in neoclassical economics, and about the urgency to adopt a different methodology, grounded on a realistic set of initial assumptions able to cope with the complexity of the decision making process. The aim of this paper is to show the use of Occam's razor in the economic (...)
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  • Deidealization: No Easy Reversals.Tarja Knuuttila & Mary S. Morgan - 2019 - Philosophy of Science 86 (4):641-661.
    Deidealization as a topic in its own right has attracted remarkably little philosophical interest despite the extensive literature on idealization. One reason for this is the often implicit assumption that idealization and deidealization are, potentially at least, reversible processes. We question this assumption by analyzing the challenges of deidealization within a menu of four broad categories: deidealizing as recomposing, deidealizing as reformulating, deidealizing as concretizing, and deidealizing as situating. On closer inspection, models turn out much more inflexible than the reversal (...)
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  • Rational choice as a toolbox for the economist: an interview with Itzhak Gilboa.Catherine Herfeld - 2014 - Erasmus Journal for Philosophy and Economics 7 (2):116-141.
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  • Generic Generalizations in Science: A Bridge to Everyday Language.François Claveau & Jordan Girard - 2019 - Erkenntnis 84 (4):839-859.
    This article maintains that an important class of scientific generalizations should be reinterpreted: they have typically been understood as ceteris paribus laws, but are, in fact, generics. Four arguments are presented to support this thesis. One argument is that the interpretation in terms of ceteris paribus laws is a historical accident. The other three arguments draw on similarities between these generalizations and archetypal generics: they come with similar inferential commitments, they share a syntactic form, and the existing theories to make (...)
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  • How Archaeological Evidence Bites Back: Strategies for Putting Old Data to Work in New Ways.Alison Wylie - 2017 - Science, Technology, and Human Values 42 (2):203-225.
    Archaeological data are shadowy in a number of senses. Not only are they notoriously fragmentary but the conceptual and technical scaffolding on which archaeologists rely to constitute these data as evidence can be as constraining as it is enabling. A recurrent theme in internal archaeological debate is that reliance on sedimented layers of interpretative scaffolding carries the risk that “preunderstandings” configure what archaeologists recognize and record as primary data, and how they interpret it as evidence. The selective and destructive nature (...)
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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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  • Models in Science and Engineering: Imagining, Designing and Evaluating Representations.Michael Poznic - 2017 - Dissertation, Delft University of Technology
    The central question of this thesis is how one can learn about particular targets by using models of those targets. A widespread assumption is that models have to be representative models in order to foster knowledge about targets. Thus the thesis begins by examining the concept of representation from an epistemic point of view and supports an account of representation that does not distinguish between representation simpliciter and adequate representation. Representation, understood in the sense of a representative model, is regarded (...)
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  • Imagination extended and embedded: artifactual versus fictional accounts of models.Tarja Knuuttila - 2017 - Synthese 198 (Suppl 21):5077-5097.
    This paper presents an artifactual approach to models that also addresses their fictional features. It discusses first the imaginary accounts of models and fiction that set model descriptions apart from imagined-objects, concentrating on the latter :251–268, 2010; Frigg and Nguyen in The Monist 99:225–242, 2016; Godfrey-Smith in Biol Philos 21:725–740, 2006; Philos Stud 143:101–116, 2009). While the imaginary approaches accommodate surrogative reasoning as an important characteristic of scientific modeling, they simultaneously raise difficult questions concerning how the imagined entities are related (...)
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  • The turn of the valve: representing with material models.Roman Frigg & James Nguyen - 2018 - European Journal for Philosophy of Science 8 (2):205-224.
    Many scientific models are representations. Building on Goodman and Elgin’s notion of representation-as we analyse what this claim involves by providing a general definition of what makes something a scientific model, and formulating a novel account of how they represent. We call the result the DEKI account of representation, which offers a complex kind of representation involving an interplay of, denotation, exemplification, keying up of properties, and imputation. Throughout we focus on material models, and we illustrate our claims with the (...)
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  • 'Explicating ways of consensus-making: Distinguishing the academic, the interface and the meta-consensus.Laszlo Kosolosky & Jeroen Van Bouwel - 2014 - In Martini Carlo (ed.), Experts and Consensus in Social Science. Springer. pp. 71-92.
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  • Between Isolations and Constructions: Economic Models as Believable Worlds.Lukasz Hardt - 2016 - Poznan Studies in the Philosophy of the Sciences and the Humanities 106.
    As the title of this essay suggests, my concern is with the issue of what are economic models. However, the goal of the paper is not to offer an in-depth study on multiple approaches to modelling in economics, but rather to overcome the dichotomical divide between conceptualizing models as isolations and constructions. This is done by introducing the idea of economic models as believable worlds, precisely descriptions of mechanisms that refer to the essentials of the modelled targets. In doing so (...)
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  • Modeling Organs with Organs on Chips: Scientific Representation and Engineering Design as Modeling Relations.Michael Poznic - 2016 - Philosophy and Technology 29 (4):357-371.
    On the basis of a case study in bioengineering, this paper proposes a novel perspective on models in science and engineering. This is done with the help of two notions: representation and design. These two notions are interpreted as referring to modeling relations between vehicles and targets that differ in their respective directions of fit. The representation relation has a vehicle-to-target direction of fit and the design relation has a target-to-vehicle direction of fit. The case study of an organ on (...)
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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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  • Philosophy as conceptual engineering: Inductive logic in Rudolf Carnap's scientific philosophy.Christopher F. French - 2015 - Dissertation, University of British Columbia
    My dissertation explores the ways in which Rudolf Carnap sought to make philosophy scientific by further developing recent interpretive efforts to explain Carnap’s mature philosophical work as a form of engineering. It does this by looking in detail at his philosophical practice in his most sustained mature project, his work on pure and applied inductive logic. I, first, specify the sort of engineering Carnap is engaged in as involving an engineering design problem and then draw out the complications of design (...)
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  • The Oxford Handbook of Philosophical Methodology.Herman Cappelen, Tamar Gendler & John Hawthorne (eds.) - 2016 - Oxford, United Kingdom: Oxford University Press.
    This is the most comprehensive book ever published on philosophical methodology. A team of thirty-eight of the world's leading philosophers present original essays on various aspects of how philosophy should be and is done. The first part is devoted to broad traditions and approaches to philosophical methodology. The entries in the second part address topics in philosophical methodology, such as intuitions, conceptual analysis, and transcendental arguments. The third part of the book is devoted to essays about the interconnections between philosophy (...)
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  • Robustness, Diversity of Evidence, and Probabilistic Independence.Jonah N. Schupbach - 2015 - In Uskali Mäki, Stéphanie Ruphy, Gerhard Schurz & Ioannis Votsis (eds.), Recent Developments in the Philosophy of Science. Cham: Springer. pp. 305-316.
    In robustness analysis, hypotheses are supported to the extent that a result proves robust, and a result is robust to the extent that we detect it in diverse ways. But what precise sense of diversity is at work here? In this paper, I show that the formal explications of evidential diversity most often appealed to in work on robustness – which all draw in one way or another on probabilistic independence – fail to shed light on the notion of diversity (...)
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  • Preferences and Positivist Methodology in Economics.Christopher Clarke - 2016 - Philosophy of Science 83 (2):192-212.
    I distinguish several doctrines that economic methodologists have found attractive, all of which have a positivist flavour. One of these is the doctrine that preference assignments in economics are just shorthand descriptions of agents' choice behaviour. Although most of these doctrines are problematic, the latter doctrine about preference assignments is a respectable one, I argue. It doesn't entail any of the problematic doctrines, and indeed it is warranted independently of them.
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  • Epistemic Contributions of Models: Conditions for Propositional Learning.François Claveau - 2015 - Perspectives on Science 23 (4):405-423.
    . This article analyzes the epistemic contributions of models by distinguishing three roles that they might play: an evidential role, a revealing role and a stimulating role. By using an account of learning based on the philosophical understanding of propositional knowledge as true justified belief, the paper provides the conditions to be fulfilled by a model in order to play a determined role. A case study of an economic model of the labor market—the DMP model—illustrates the usefulness of these conditions (...)
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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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  • The mind, the lab, and the field: Three kinds of populations in scientific practice.Rasmus Grønfeldt Winther, Ryan Giordano, Michael D. Edge & Rasmus Nielsen - 2015 - Studies in History and Philosophy of Science Part C: Studies in History and Philosophy of Biological and Biomedical Sciences 52:12-21.
    Scientists use models to understand the natural world, and it is important not to conflate model and nature. As an illustration, we distinguish three different kinds of populations in studies of ecology and evolution: theoretical, laboratory, and natural populations, exemplified by the work of R.A. Fisher, Thomas Park, and David Lack, respectively. Biologists are rightly concerned with all three types of populations. We examine the interplay between these different kinds of populations, and their pertinent models, in three examples: the notion (...)
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  • The Structure of Scientific Theories.Rasmus Grønfeldt Winther - 2015 - Stanford Encyclopedia of Philosophy.
    Scientific inquiry has led to immense explanatory and technological successes, partly as a result of the pervasiveness of scientific theories. Relativity theory, evolutionary theory, and plate tectonics were, and continue to be, wildly successful families of theories within physics, biology, and geology. Other powerful theory clusters inhabit comparatively recent disciplines such as cognitive science, climate science, molecular biology, microeconomics, and Geographic Information Science (GIS). Effective scientific theories magnify understanding, help supply legitimate explanations, and assist in formulating predictions. Moving from their (...)
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  • Playing with networks: how economists explain. [REVIEW]Caterina Marchionni - 2013 - European Journal for Philosophy of Science 3 (3):331-352.
    Network theory is applied across the sciences to study phenomena as diverse as the spread of SARS, the topology of the cell, the structure of the Internet and job search behaviour. Underlying the study of networks is graph theory. Whether the graph represents a network of neurons, cells, friends or firms, it displays features that exclusively depend on the mathematical properties of the graph itself. However, the way in which graph theory is implemented to the modelling of networks differs significantly (...)
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  • Modeling Practices in the Social and Human Sciences. An Interdisciplinary Exchange.Mary S. Morgan & Till Grüne-Yanoff - 2013 - Perspectives on Science 21 (2):143-156.
    Philosophers of science studying scientific practice often consider it a methodological requirement that their conceptualization of "model" closely connects with the understanding and use of models by practicing scientists. Occasionally, this connection has been explicitly made (Hutten 1954, Suppes 1961, Morgan and Morrison 1999, Bailer-Jones 2002, Lehtinen and Kuorikoski 2007, Kuorikoski 2007, Morgan 2012a). These studies have been dominated by a focus on the—relatively similar forms of—mathematical models in physics and economics. Yet it has become increasingly evident that the way (...)
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  • (1 other version)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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  • The Self According to Others: Explaining Social Preferences with Social Approbation.Oswin Kruger Ruiz - 2020 - Economic Thought 9 (2):38.
    In past decades, significant work in behavioural economics has decisively revealed the limitations of the human agency model known as Homo Economicus, whereby humans are purely driven by material self-interest. These behavioural findings are, however, far from integrated in mainstream economic theory, which builds heavily on the neoclassical tradition. Unbeknown to modern economics, Bernard Mandeville and Adam Smith already proposed a richer model of human agency in which choices also depend on the desire for social approbation. The social approbation mechanism (...)
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  • Mechanism-based theorizing and generalization from case studies.Petri Ylikoski - 2019 - Studies in History and Philosophy of Science Part A 78 (C):14-22.
    Generalization from a case study is a perennial issue in the methodology of the social sciences. The case study is one of the most important research designs in many social scientific fields, but no shared understanding exists of the epistemic import of case studies. This article suggests that the idea of mechanism-based theorizing provides a fruitful basis for understanding how case studies contribute to a general understanding of social phenomena. This approach is illustrated with a re- construction of Espeland and (...)
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  • Re-Thinking Reproducibility as a Criterion for Research Quality.Sabina Leonelli - 2018 - Research in the History of Economic Thought and Methodology 36 (B):129-146.
    A heated debate surrounds the significance of reproducibility as an indicator for research quality and reliability, with many commentators linking a "crisis of reproducibility" to the rise of fraudulent, careless and unreliable practices of knowledge production. Through the analysis of discourse and practices across research fields, I point out that reproducibility is not only interpreted in different ways, but also serves a variety of epistemic functions depending on the research at hand. Given such variation, I argue that the uncritical pursuit (...)
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  • Constructing reality with models.Tee Sim-Hui - 2019 - Synthese 196 (11):4605-4622.
    Scientific models are used to predict and understand the target phenomena in the reality. The kind of epistemic relationship between the model and the reality is always regarded by most of the philosophers as a representational one. I argue that, complementary to this representational role, some of the scientific models have a constructive role to play in altering and reconstructing the reality in a physical way. I hold that the idealized model assumptions and elements bestow the constructive force of a (...)
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  • Scientific Representation and Theoretical Equivalence.James Nguyen - 2017 - Philosophy of Science 84 (5):982-995.
    In this article I connect two debates in the philosophy of science: the questions of scientific representation and both model and theoretical equivalence. I argue that by paying attention to how a model is used to draw inferences about its target system, we can define a notion of theoretical equivalence that turns on whether models license the same claims about the same target systems. I briefly consider the implications of this for two questions that have recently been discussed in the (...)
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  • Comprehending and Regulating Financial Crises: An Interdisciplinary Approach.Nina Bandelj, Julia Elyachar, Gary Richardson & James Owen Weatherall - 2016 - Perspectives on Science 24 (4):443-473.
    Soon after the 2008 financial crisis, Gillian Tett, an anthropologist and the US Managing Editor of the Financial Times, suggested that regulators’ and practitioners’ inability to anticipate and respond to deep problems in the financial industry could be traced back to what she called “silo thinking,” wherein experts in one area know nothing about the methods and research of other areas. As she put it, “the essential challenges for investors today…”—and, we might add, for regulators and academics—is “to understand the (...)
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  • Abstraction as an Autonomous Process in Scientific Modeling.Sim-Hui Tee - 2020 - Philosophia 48 (2):789-801.
    ion is one of the important processes in scientific modeling. It has always been implied that abstraction is an agent-centric activity that involves the cognitive processes of scientists in model building. I contend that there is an autonomous aspect of abstraction in many modeling activities. I argue that the autonomous process of abstraction is continuous with the agent-centric abstraction but capable of evolving independently from the modeler’s abstraction activity.
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  • (1 other version)Scientific representation is representation-as.Frigg Roman & Nguyen James - 2016 - In Hsiang-Ke Chao & Julian Reiss (eds.), Philosophy of Science in Practice: Nancy Cartwright and the nature of scientific reasoning. Cham: Springer International Publishing. pp. 149-179.
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