I review the philosophical literature on the question of when two physical theories are equivalent. This includes a discussion of empirical equivalence, which is often taken to be necessary, and sometimes taken to be sufficient, for theoretical equivalence; and “interpretational” equivalence, which is the idea that two theories are equivalent just in case they have the same interpretation. It also includes a discussion of several formal notions of equivalence that have been considered in the recent philosophical literature, including (generalized) definitional (...) equivalence and categorical equivalence. The article concludes with a brief discussion of the relationship between equivalence and duality. The article is in two parts; this is Part 2, which addresses categorical equivalence, interpretational equivalence, and duality. (shrink)

"Why should we care about having true beliefs? And why do demonstrably false beliefs persist and spread despite consequences for the people who hold them? Philosophers of science Cailin O’Connor and James Weatherall argue that social factors, rather than individual psychology, are what’s essential to understanding the spread and persistence of false belief. It might seem that there’s an obvious reason that true beliefs matter: false beliefs will hurt you. But if that’s right, then why is it irrelevant to many (...) people whether they believe true things or not? In an age riven by "fake news," "alternative facts," and disputes over the validity of everything from climate change to the size of inauguration crowds, the authors argue that social factors, not individual psychology, are what’s essential to understanding the persistence of false belief and that we must know how those social forces work in order to fight misinformation effectively."–Publisher’s description. (shrink)

Intersectionality theory explores the special sorts of disadvantage that arise as the result of occupying multiple disadvantaged demographic categories. One significant methodological problem for the quantitative study of intersectionality is the difficulty of acquiring data sets large enough to produce significant results when one is looking for intersectional effects. For this reason, we argue, simulation methods may be particularly useful to this branch of theorizing because they can generate precise predictions and causal dependencies in a relatively cheap way, and can (...) thus guide future empirical work. We illustrate this point through models which show that intersectional oppression can arise under conditions where social groups are disadvantaged in the emergence of bargaining norms. As we show, intersectional disadvantage can arise even when actors from all social categories are completely identical in terms of preferences and abilities. The conditions necessary to derive such disadvantage are relatively minimal. And when actors behave in ways that reflect stronger intersectional identities, the potential for disadvantage increases. (shrink)

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 (...) models, their multiplicity of functions within science, and their scientific context and history and for almost any aspect x of phenomenon y, scientists require multiple models to achieve scientific goal z. (shrink)

We study the Johansen–Ledoit–Sornette model of financial market crashes :219–255, 2000). On our view, the JLS model is a curious case from the perspective of the recent philosophy of science literature, as it is naturally construed as a “minimal model” in the sense of Batterman and Rice :349–376, 2014) that nonetheless provides a causal explanation of market crashes, in the sense of Woodward’s interventionist account of causation.

In Simulation and Similarity, Michael Weisberg offers a similarity-based account of the model–world relation, which is the relation in virtue of which successful models are successful. Weisberg’s main idea is that models are similar to targets in virtue of sharing features. An important concern about Weisberg’s account is that it remains silent on what it means for models and targets to share features, and consequently on how feature-sharing contributes to models’ epistemic success. I consider three potential ways of concretizing the (...) concept of shared features: as identical, quantitatively sufficiently close, and sufficiently similar features. I argue that each of these concretizations faces significant challenges, leaving unclear how Weisberg’s account substantially contributes to elucidating the relation in virtue of which successful models are successful. Against this background, I outline a pluralistic revision and argue that this revision may not only help Weisberg's account evade several of the problems that I raise, but also offers a novel perspective on the model–world relation more generally. 1Introduction 2Weisberg’s Feature-Sharing Account 3What Is a Shared Feature? 3.1Identity 3.2Sufficient closeness 3.3Sufficient similarity 4Turning Weisberg’s Account ‘Upside Down’ 5Conclusion. (shrink)

I review the philosophical literature on the question of when two physical theories are equivalent. This includes a discussion of empirical equivalence, which is often taken to be necessary, and sometimes taken to be sufficient, for theoretical equivalence; and “interpretational” equivalence, which is the idea that two theories are equivalent just in case they have the same interpretation. It also includes a discussion of several formal notions of equivalence that have been considered in the recent philosophical literature, including (generalized) definitional (...) equivalence and categorical equivalence. The article concludes with a brief discussion of the relationship between equivalence and duality. The article is in two parts; this is Part 1, which addresses empirical equivalence and definitional equivalence. (shrink)

The Black-Scholes model of options pricing establishes a theoretical relationship between the “fair” price of an option and other parameters characterizing the option and prevailing market conditions. Here I discuss a common application of the model with the following striking feature: the output of analysis apparently contradicts one of the core assumptions of the model on which the analysis is based. I will present several attitudes one might take toward this situation and argue that it reveals ways in which a (...) “broken” model can nonetheless provide useful information. (shrink)

I review the philosophical literature on the question of when two physical theories are equivalent. This includes a discussion of empirical equivalence, which is often taken to be necessary, and sometimes taken to be sufficient, for theoretical equivalence; and "interpretational" equivalence, which is the idea that two theories are equivalent just in case they have the same interpretation. It also includes a discussion of several formal notions of equivalence that have been considered in the recent philosophical literature, including definitional equivalence (...) and categorical equivalence. The article concludes with a brief discussion of the relationship between equivalence and duality. (shrink)