Econophysics is a new and exciting cross-disciplinary research field that applies models and modelling techniques from statistical physics to economic systems. It is not, however, without its critics: prominent figures in more mainstream economic theory have criticized some elements of the methodology of econophysics. One of the main lines of criticism concerns the nature of the modelling assumptions and idealizations involved, and a particular target are ‘kinetic exchange’ approaches used to model the emergence of inequality within the distribution of individual (...) monetary income. This article will consider such models in detail, and assess the warrant of the criticisms drawing upon the philosophical literature on modelling and idealization. Our aim is to provide the first steps towards informed mediation of this important and interesting interdisciplinary debate, and our hope is to offer guidance with regard to both the practice of modelling inequality, and the inequality of modelling practice. _1_ Introduction _1.1_ Econophysics and its discontents _1.2_ Against burglar economics _2_ Modelling Inequality _2.1_ Mainstream economic models for income distribution _2.2_ Econophysics models for income distribution _3_ Idealizations in Kinetic Exchange Models _3.1_ Binary interactions _3.2_ Conservation principles _3.3_ Exchange dynamics _ 4 _ Fat Tails and Savings _ 5 _ Evaluation. (shrink)

We propose a solution to the problem of time for systems with a single global Hamiltonian constraint. Our solution stems from the observation that, for these theories, conventional gauge theory methods fail to capture the full classical dynamics of the system and must therefore be deemed inappropriate. We propose a new strategy for consistently quantizing systems with a relational notion of time that does capture the full classical dynamics of the system and allows for evolution parametrized by an equitable internal (...) clock. This proposal contains the minimal temporal structure necessary to retain the ordering of events required to describe classical evolution. In the context of shape dynamics (an equivalent formulation of general relativity that is locally scale invariant and free of the local problem of time) our proposal can be shown to constitute a natural methodology for describing dynamical evolution in quantum gravity and to lead to a quantum theory analogous to the Dirac quantization of unimodular gravity. (shrink)

A physically consistent semi-classical treatment of black holes requires universality arguments to deal with the `trans-Planckian' problem where quantum spacetime effects appear to be amplified such that they undermine the entire semi-classical modelling framework. We evaluate three families of such arguments in comparison with Wilsonian renormalization group universality arguments found in the context of condensed matter physics. Our analysis is framed by the crucial distinction between robustness and universality. Particular emphasis is placed on the quality whereby the various arguments are (...) underpinned by `integrated' notions of robustness and universality. Whereas the principal strength of Wilsonian universality arguments can be understood in terms of the presence of such integration, the principal weakness of all three universality arguments for Hawking radiation is its absence. (shrink)

We conduct a case study analysis of a proposal for the emergence of time based upon the approximate derivation of three grades of temporal structure within an explicit quantum cosmological model which obeys a Wheeler-DeWitt type equation without an extrinsic time parameter. Our main focus will be issues regarding the consistency of the approximations and derivations in question. Our conclusion is that the model provides a self-consistent account of the emergence of chronordinal, chronometric and chronodirected structure. Residual concerns relate to (...) explanatory rather than consistency considerations. (shrink)

This book presents fresh insights into analogue quantum simulation. It argues that these simulations are a new instrument of science. They require a bespoke philosophical analysis, sensitive to both the similarities to and the differences with conventional scientific practices such as analogical argument, experimentation, and classical simulation. -/- The analysis situates the various forms of analogue quantum simulation on the methodological map of modern science. In doing so, it clarifies the functions that analogue quantum simulation serves in scientific practice. To (...) this end, the authors introduce a number of important terminological distinctions. They establish that analogue quantum ‘computation' and ‘emulation' are distinct scientific practices and lead to distinct forms of scientific understanding. The authors also demonstrate the normative value of the computation vs. emulation distinction at both an epistemic and a pragmatic level. -/- The volume features a range of detailed case studies focusing on: i) cold atom computation of many-body localisation and the Higgs mode; ii) photonic emulation of quantum effects in biological systems; and iii) emulation of Hawking radiation in dispersive optical media. Overall, readers will discover a normative framework to isolate and support the goals of scientists undertaking analogue quantum simulation and emulation. This framework will prove useful to both working scientists and philosophers of science interested in cutting-edge scientific practice. (shrink)

We offer a new proposal for cosmic singularity resolution based upon a quantum cosmology with a unitary bounce. This proposal is illustrated via a novel quantization of a mini-superspace model in which there can be superpositions of the cosmological constant. This possibility leads to a finite, bouncing unitary cosmology. Whereas the usual Wheeler–DeWitt cosmology generically displays pathological behaviour in terms of non-finite expectation values and non-unitary dynamics, the finiteness and unitarity of our model are formally guaranteed. For classically singular models (...) with a massless scalar field and cosmological constant, we show that well-behaved quantum observables can be constructed and generic solutions to the universal Schrodinger equation are singularity-free. Key features of the solutions of our model include a cosmic bounce due to quantum gravitational effects, a well-defined FLRW limit far from the bounce, and a super-inflationary epoch in the intermediate region. Furthermore, our model displays novel features including: i) superpositions of values of the cosmological constant; ii) a non-zero scattering length around the big bounce; and iii) bound ‘Efimov universe’ states for negative cosmological constant. The last feature provides a new platform for quantum simulation of the early universe. A companion paper provides detailed interpretation and analysis of particular cosmological solutions. (shrink)

Political scientists have conventionally assumed that achieving democracy is a one-way ratchet. Only very recently has the question of “democratic backsliding” attracted any research attention. We argue that democratic instability is best understood with tools from complexity science. The explanatory power of complexity science arises from several features of complex systems. Their relevance in the context of democracy is discussed. Several policy recommendations are offered to help stabilize current systems of representative democracy.

A companion paper provides a proposal for cosmic singularity resolution based upon general features of a bouncing unitary cosmological model in the mini-superspace approximation. This paper analyses novel phenomenology that can be identified within particular solutions of that model. First, we justify our choice of particular solutions based upon a clearly articulated and observationally motivated principle. Second, we demonstrate that the chosen solutions follow a classical mini- superspace cosmology before smoothly bouncing off the classically singular region. Third, and most significantly, (...) we identify a ‘Rayleigh-scattering’ limit for physically reasonable choices of parameters within which the solutions display effective behaviour that is insensitive to the details of rapidly oscillating Planck-scale physics. This effective physics is found to be compatible with an effective period of cosmic inflation well below the Planck scale. The detailed effective physics of this Rayleigh-scattering limit is provided via: i) an exact analytical treatment of the model in the de Sitter limit; and ii) numerical solutions of the full model. (shrink)

Many philosophers have claimed that Bayesianism can provide a simple justification for hypothetico-deductive inference, long regarded as a cornerstone of the scientific method. Following up a remark of van Fraassen, we analyze a problem for the putative Bayesian justification of H-D inference in the case where what we learn from observation is logically stronger than what our theory implies. Firstly, we demonstrate that in such cases the simple Bayesian justification does not necessarily apply. Secondly, we identify a set of sufficient (...) conditions for the mismatch in logical strength to be justifiably ignored as a "harmless idealization''. Thirdly, we argue, based upon scientific examples, that the pattern of H-D inference of which there is a ready Bayesian justification is only rarely the pattern that one actually finds at work in science. Whatever the other virtues of Bayesianism, the idea that it yields a simple justification of a pervasive pattern of scientific inference appears to have been oversold. (shrink)