Issue: Issue 11 • Author/s: Malvina Ongaro
Topics: Epistemology, Philosophy of science, Theoretical philosophy
Rationality is a cornerstone of economics. The properties defining rationality are embodied by the Rational Agent, whose actions are prescriptive for economic agents. However, the Rational Agent is a fictional character: so why should real agents act like it? The Rational Agent takes its normative force from the arguments in support of the properties it embodies. In this paper, I explore the grounds for the normative force of the Rational Agent by looking at one of them. I explain the compelling pull of the famous Dutch Book argument using tools…
Issue: Issue 12 • Author/s: Richard Bradley
Topics: Epistemology, Metaphysics, Philosophical logic, Philosophy of science
The subjective probability of a subjunctive conditional is argued to be equal to the expected conditional credence in its consequent, given the truth of its antecedent, of an ‘expert’: someone who reasons faultlessly and who, at each point in time, is as fully informed about the state of the world as it is possible to be at that time.
Issue: Issue 12 • Author/s: Moritz Schulz
Topics: Epistemology, Metaphysics, Philosophical logic, Philosophy of science
Rothschild and Spectre (2018b) present a puzzle about knowledge, probability and conditionals. This paper analyzes the puzzle and argues that it is essentially two puzzles in one: a puzzle about knowledge and probability and a puzzle about probability and conditionals. As these two puzzles share a crucial feature, this paper ends with a discussion of the prospects of solving them in a unified way.
Issue: Issue 12 • Author/s: Elena Nulvesu
Topics: Epistemology, Metaphysics, Philosophical logic, Philosophy of science
A unified shared theory of conditionals does not still exist. Some theories seem suitable only for indicative but not for counterfactual ones (or vice versa), while others work well with simple conditionals but not compound ones. Ernest Adams’ approach—one of the most successful theories as far as indicative conditional are concerned—is based on a reformulation of Ramsey’s Test in a probabilistic thesis known as “The Equation”. While the so-called Lewis’ Triviality Results support Adams’ view that conditionals do not express genuine statements, the problem arises whether these results lead inevitably…
Issue: Issue 12 • Author/s: Angelo Gilio, Giuseppe Sanfilippo
Topics: Epistemology, Metaphysics, Philosophical logic, Philosophy of science
We illustrate the notions of compound and iterated conditionals introduced, in recent papers, as suitable conditional random quantities, in the framework of coherence. We motivate our definitions by examining some concrete examples. Our logical operations among conditional events satisfy the basic probabilistic properties valid for unconditional events. We show that some, intuitively acceptable, compound sentences on conditionals can be analyzed in a rigorous way in terms of suitable iterated conditionals. We discuss the Import-Export principle, which is not valid in our approach, by also examining the inference from a material…
Issue: Issue 12 • Author/s: Jean Baratgin
Topics: Epistemology, Metaphysics, Philosophical logic, Philosophy of science
The trivalent and functional theory of the truth of conditionals developed by Bruno de Finetti has recently gathered renewed interests, particularly from philosophical logic, psychology and linguistics. It is generally accepted that de Finetti introduced his theory in 1935. However, a reading of his first publications indicates an earlier conception of almost all his theory. We bring to light a manuscript and unknown writings, dating back to 1928 and 1932, detailing de Finetti’s theory. The two concepts of thesis and hypothesis are presented as a cornerstone on which logical connectives…
Issue: Issue 13 • Author/s: Olaf Dammann
Topics: Epistemology, Philosophy of science, Theoretical philosophy
Agent-based models (ABMs) are one type of simulation model used in the context of the COVID-19 pandemic. In contrast to equation-based models, ABMs are algorithms that use individual agents and attribute changing characteristics to each one, multiple times during multiple iterations over time. This paper focuses on three philosophical aspects of ABMs as models of causal mechanisms, as generators of emergent phenomena, and as providers of explanation. Based on my discussion, I conclude that while ABMs cannot help much with causal inference, they can be viewed as etio-prognostic explanations of…
Issue: Issue 13 • Author/s: Till Grüne-Yanoff
Topics: Epidemiology, Epistemology, Philosophy of science
I present and analyze the case of COVID-19 modeling at the Public Health Agency of Sweden (FoHM) between February 2020 and May 2021. The analysis casts the case as a decision problem: modelers choose from a strategically prepared menu that model which they have reasons to believe will best serve their current purpose. Specifically, I argue that the model choice at FoHM concerned a trade-off between model-target similarity and model simplicity. Five reasons for choosing to engage in such a trade-off are discussed: lack of information, avoiding overfitting, avoiding fuzzy…