Authors
Jaakko Kuorikoski
University of Helsinki
Caterina Marchionni
University of Helsinki
Abstract
We claim that the process of theoretical model refinement in economics is best characterised as robustness analysis: the systematic examination of the robustness of modelling results with respect to particular modelling assumptions. We argue that this practise has epistemic value by extending William Wimsatt's account of robustness analysis as triangulation via independent means of determination. For economists robustness analysis is a crucial methodological strategy because their models are often based on idealisations and abstractions, and it is usually difficult to tell which idealisations are truly harmful
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DOI 10.1093/bjps/axp049
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References found in this work BETA

Galilean Idealization.Ernan McMullin - 1985 - Studies in History and Philosophy of Science Part A 16 (3):247.
Representing and Intervening.Ian Hacking - 1984 - British Journal for the Philosophy of Science 35 (4):381-390.
Saving the Phenomena.James Bogen & James Woodward - 1988 - Philosophical Review 97 (3):303-352.

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Citations of this work BETA

Robustness Analysis as Explanatory Reasoning.Jonah N. Schupbach - 2016 - British Journal for the Philosophy of Science:axw008.
Robustness Analysis as Explanatory Reasoning.Jonah N. Schupbach - 2018 - British Journal for the Philosophy of Science 69 (1):275-300.
The Explanation Paradox.Julian Reiss - 2012 - Journal of Economic Methodology 19 (1):43-62.
Understanding with Theoretical Models.Petri Ylikoski & N. Emrah Aydinonat - 2014 - Journal of Economic Methodology 21 (1):19-36.
Robustness and Independent Evidence.Jacob Stegenga & Tarun Menon - 2017 - Philosophy of Science 84 (3):414-435.

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