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517Models at Work—Models in Decision MakingScience in Context 27 (4): 561-577. 2014.In this topical section, we highlight the next step of research on modeling aiming to contribute to the emerging literature that radically refrains from approaching modeling as a scientific endeavor. Modeling surpasses “doing science” because it is frequently incorporated into decision-making processes in politics and management, i.e., areas which are not solely epistemically oriented. We do not refer to the production of models in academia for abstract or imaginary applications in practical fie…Read more
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306Decision-theoretic approaches to non-knowledge in economicsIn Matthias Gross & Linsey McGoey (eds.), Routledge International Handbook of Ignorance Studies, Routledge. pp. 349-360. 2015.The aim of this contribution is to provide an overview of conceptual approaches to incorporating a decision maker’s non-knowledge into economic theory. We will focus here on the particular kind of non-knowledge which we consider to be one of the most important for economic discussions: non-knowledge of possible consequence-relevant uncertain events which a decision maker would have to take into account when selecting between different strategies.
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68Modelling Beyond Application: Epistemic and Non-epistemic Values in Modern ScienceInternational Studies in the Philosophy of Science 28 (1): 79-98. 2014.In recent years, philosophers of science have begun to realize that the clear separation of the creation of models in academia and the application of models outside science is not possible. When these philosophers address hybrid contexts in which science is entwined with policy, business, and other realms of society, these often practically oriented realms no longer represent ‘the surroundings’ of science but rather are considered an essential part of it. I argue—and demonstrate empirically—that…Read more
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68De-idealization by commentary: the case of financial valuation modelsSynthese 190 (2): 321-337. 2013.Is there a unique way to de-idealize models? If not, how might the possible ways of reducing the distortion between models and reality differ from each other? Based on an empirical case study conducted in financial markets, this paper discusses how a popular valuation model (the Discounted Cash Flow model) idealizes reality and how the market participants de-idealize it in concrete market situations. In contrast to Cartwright's view that economic models are generally over-constrained, this paper…Read more
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450Sensemaking in economics: economic activity from a social-philosophical perspectiveErasmus Journal for Philosophy and Economics 3 (1): 136. 2010.
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558Modeling as a Case for the Empirical Philosophy of ScienceIn Hanne Andersen, Nancy J. Nersessian & Susann Wagenknecht (eds.), Empirical Philosophy of Science: Introducing Qualitative Methods into Philosophy of Science, Springer International Publishing. pp. 65-82. 2015.In recent years, the emergence of a new trend in contemporary philosophy has been observed in the increasing usage of empirical research methods to conduct philosophical inquiries. Although philosophers primarily use secondary data from other disciplines or apply quantitative methods (experiments, surveys, etc.), the rise of qualitative methods (e.g., in-depth interviews, participant observations and qualitative text analysis) can also be observed. In this paper, I focus on how qualitative resea…Read more
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University of LeicesterRegular Faculty
Areas of Interest
Epistemology |
Philosophy of Social Science |