The way scientific discovery has been conceptualized has changed drastically in the last few decades: its relation to logic, inference, methods, and evolution has been deeply reloaded. The ‘philosophical matrix’ moulded by logical empiricism and analytical tradition has been challenged by the ‘friends of discovery’, who opened up the way to a rational investigation of discovery. This has produced not only new theories of discovery, but also new ways of practicing it in a rational and more systematic way. Ampliative rules, (...) methods, heuristic procedures and even a logic of discovery have been investigated, extracted, reconstructed and refined. The outcome is a ‘scientific discovery revolution’: not only a new way of looking at discovery, but also a construction of tools that can guide us to discover something new. This is a very important contribution of philosophy of science to science, as it puts the former in a position not only to interpret what scientists do, but also to provide and improve tools that they can employ in their activity. (shrink)

The book offers an interdisciplinary perspective on finance, with a special focus on stock markets. It presents new methodologies for analyzing stock markets’ behavior and discusses theories and methods of finance from different angles, such as the mathematical, physical and philosophical ones. The book, which aims at philosophers and economists alike, represents a rare yet important attempt to unify the externalist with the internalist conceptions of finance.

The view from inside maintains that not only to study and understand, but also to profit from financial markets, it is necessary to get as much knowledge as possible about their internal ‘structure’ and machinery. This view maintains that in order to solve the problems posed by finance, or at least a large part of them, we need first of all a qualitative analysis. Rules, laws, institutions, regulators, the behavior and the psychology of traders and investors are the key elements (...) to the understanding of finance, and stock markets in particular. Accordingly, data and their mathematical analysis are not the crucial elements, since data are the output of a certain underlying structure of markets and their actors. The underlying structure is the ultimate object of the inquiry. This chapter examines how the view from inside raises, and deals with, critical issues such as markets failure, information disclosure, and regulation, the notion of data, performativity, and the study of micro-structures. (shrink)

This book explores new findings on the long-neglected topic of theory construction and discovery, and challenges the orthodox, current division of scientific development into discrete stages: the stage of generation of new hypotheses; the stage of collection of relevant data; the stage of justification of possible theories; and the final stage of selection from among equally confirmed theories. The chapters, written by leading researchers, offer an interdisciplinary perspective on various aspects of the processes by which theories rationally should, and descriptively (...) are, built. They address issues such as the role of problem-solving and heuristic reasoning in theory-building; how inferences and models shape the pursuit of scientific knowledge; the relation between problem-solving and scientific discovery; the relative values of the syntactic, semantic, and pragmatic view of theories in understanding theory construction; and the relation between ampliative inferences, heuristic reasoning, and models as a means for building new theories and knowledge. Through detailed arguments and examinations, the volume collectively challenges the orthodox view’s main tenets by characterizing the ways in which the different “stages” are logically, temporally, and psychologically intertwined. As a group, the chapters provide several attempts to answer long-standing questions about the possibility of a unified conceptual framework for building theories and formulating hypotheses. (shrink)

The results of Cubitt et al. on the spectral gap problem add a new chapter to the issue of undecidability in physics, as they show that it is impossible to decide whether the Hamiltonian of a quantum many-body system is gapped or gapless. This implies, amongst other things, that a reductionist viewpoint would be untenable. In this paper, we examine their proof and a few philosophical implications, in particular ones regarding models and limitative results. In more detail, we examine the (...) way these theorems model many-body quantum systems, and we question what, if anything, is the physical counterpart of the models used by Cubitt et al. We argue that these models are non-representational and that, even if they are so artificial that it is hard to imagine a physical system arising from them, they nonetheless offer an opportunity to learn about the world and the relation between mathematics and reality. On this basis, we draw the conclusion that their results do not undermine the reductionist viewpoint in a strong sense but leave the question open in a weak sense. (shrink)

reasoning is a risk-aversion strategy: it aims at minimizing as much as possible the possibility of doing mistakes, but in order to reach this goal it pays a cost, that is the fact that the novel epistemic gain it offers is small or negligible.

I argue that the construction of representation theorems is a powerful tool for creating novel objects and theories in mathematics, as the construction of a new representation introduces new pieces of information in a very specific way that enables a solution for a problem and a proof of a new theorem. In more detail I show how the work behind the proof of a representation theorem transforms a mathematical problem in a way that makes it tractable and introduces information into (...) it that it did not contain at the beginning of the process. (shrink)

The book answers long-standing questions on scientific modeling and inference across multiple perspectives and disciplines, including logic, mathematics, physics and medicine. The different chapters cover a variety of issues, such as the role models play in scientific practice; the way science shapes our concept of models; ways of modeling the pursuit of scientific knowledge; the relationship between our concept of models and our concept of science. The book also discusses models and scientific explanations; models in the semantic view of theories; (...) the applicability of mathematical models to the real world and their effectiveness; the links between models and inferences; and models as a means for acquiring new knowledge. It analyzes different examples of models in physics, biology, mathematics and engineering. Written for researchers and graduate students, it provides a cross-disciplinary reference guide to the notion and the use of models and inferences in science. (shrink)

Science continually contributes new models and rethinks old ones. The way inferences are made is constantly being re-evaluated. The practice and achievements of science are both shaped by this process, so it is important to understand how models and inferences are made. But, despite the relevance of models and inference in scientific practice, these concepts still remain contro-versial in many respects. The attempt to understand the ways models and infer-ences are made basically opens two roads. The first one is to (...) produce an analy-sis of the role that models and inferences play in science. The second one is to produce an analysis of the way models and inferences are constructed, especial-ly in the light of what science tells us about our cognitive abilities. The papers collected in this volume go both ways. (shrink)

As the world economy has for better or worse become more and more dependent on the financial markets, a rethinking of the role of finance in both theory and practice is necessary. I argue that such a rethinking requires a new look at the theories of finance that is philosophical in kind. In effect, as Martha Nussbaum claims, if the absence of philosophy in economics is arguably one of the main reasons for the flaws in certain economic theories, the absence (...) of philosophy in finance is one the main reasons for the flaws in our theories on financial systems. In this paper I discuss the mutual relations and benefits between finance and philosophy. First, I examine the contribution that philosophy can offer to finance by analyzing a few critical issues in financial ontology, financial methodology and financial mathematics. I argue that philosophy is essential to enabling finance to achieve the goals for which it was designed, not only because it is a valuable external addition, but also internally, since philosophy is the proper tool for bringing about new theories and approaches. Then, I examine the contribution that finance can offer to philosophy by analyzing the relationship between theory and practice, data and hypothesis, and prediction, description and control in the context of financial systems. I argue that finance can help us to rethink some philosophical tenets on these issues. (shrink)

The problematic relation between logic and knowledge has given rise to some of the most important works in the history of philosophy, from Books VIVII of Platos Republic and Aristotles Prior and Posterior Analytics, to Kants Critique of Pure Reason and Mills A System of Logic, Ratiocinative and Inductive. It provides the title of an important collection of papers by Bertrand Russell. However, it has remained an underdeveloped theme in the last century, because logic has been treated as separate from (...) knowledge. This book does not hope to make up for a century-long absence of discussion. Rather, its ambition is to call attention to the theme and stimulating renewed reflection upon it. The book collects essays of leading figures in the field and it addresses the theme as a topic of current debate, or as a historical case study, or when appropriate as both. Each essay is followed by the comments of a younger discussant, in an attempt to transform what might otherwise appear as a monologue into an ongoing dialogue; each section begins with an historical essay and ends with an essay by one of the editors. (shrink)

Logic and Knowledge -/- Editor: Carlo Cellucci, Emily Grosholz and Emiliano Ippoliti Date Of Publication: Aug 2011 Isbn13: 978-1-4438-3008-9 Isbn: 1-4438-3008-9 -/- The problematic relation between logic and knowledge has given rise to some of the most important works in the history of philosophy, from Books VI–VII of Plato’s Republic and Aristotle’s Prior and Posterior Analytics, to Kant’s Critique of Pure Reason and Mill’s A System of Logic, Ratiocinative and Inductive. It provides the title of an important collection of papers (...) by Bertrand Russell (Logic and Knowledge. Essays, 1901–1950). However, it has remained an underdeveloped theme in the last century, because logic has been treated as separate from knowledge. -/- This book does not hope to make up for a century-long absence of discussion. Rather, its ambition is to call attention to the theme and stimulating renewed reflection upon it. The book collects essays of leading figures in the field and it addresses the theme as a topic of current debate, or as a historical case study, or when appropriate as both. Each essay is followed by the comments of a younger discussant, in an attempt to transform what might otherwise appear as a monologue into an ongoing dialogue; each section begins with an historical essay and ends with an essay by one of the editors. -/- Carlo Cellucci is Emeritus Professor of Philosophy at the University of Rome ‘La Sapienza,’ Italy. He is currently completing a book entitled, Remaking Logic: What is Logic Really? -/- Emily Grosholz is Professor of Philosophy at the Pennsylvania State University, USA. She is the author of Representation and Productive Ambiguity in Mathematics and the Sciences (Oxford University Press, 2007). -/- Emiliano Ippoliti is a Research Fellow at the University of Rome ‘La Sapienza,’ Italy. His main interests are heuristics, the logic of discovery, and problem-solving. He is currently working on a book, Ampliating Knowledge: Data, Hypotheses and Novelty. -/- TABLE OF CONTENTS -/- Foreword .................................................................................................... ix Acknowledgements ................................................................................. xxv -/- Section I: Logic and Knowledge -/- Chapter One................................................................................................. 3 The Cognitive Importance of Sight and Hearing in Seventeenthand Eighteenth-Century Logic (Mirella Capozzi) Discussion .............................................................................................. 26 (Chiara Fabbrizi) Chapter Two .............................................................................................. 33 Nominalistic Content (Jody Azzouni) Discussion ............................................................................................... 52 (Silvia De Bianchi) Chapter Three ............................................................................................ 57 A Garden of Grounding Trees (Göran Sundholm) Discussion.......................................................................................... .. 75 (Luca Incurvati) Chapter Four .............................................................................................. 81 Logics and Metalogics (Timothy Williamson) Discussion.......................................................................................... 101 (Cesare Cozzo) Chapter Five ............................................................................................ 109 Is Knowledge the Most General Factive Stative Attitude? (Cesare Cozzo) Discussion.......................................................................................... 117 (Timothy Williamson) Chapter Six .............................................................................................. 123 Classifying and Justifying Inference Rules (Carlo Cellucci) Discussion.......................................................................................... 143 (Norma B. Goethe) -/- Section II: Logic and Science -/- Chapter Seven.......................................................................................... 151 The Universal Generalization Problem and the Epistemic Status of Ancient Medicine: Aristotle and Galen (Riccardo Chiaradonna) Discussion.......................................................................................... 168 (Diana Quarantotto) Chapter Eight........................................................................................... 175 The Empiricist View of Logic (Donald Gillies) Discussion.......................................................................................... 191 (Paolo Pecere) Chapter Nine............................................................................................ 197 Artificial Intelligence and Evolutionary Theory: Herbert Simon’s Unifying Framework (Roberto Cordeschi) Discussion.......................................................................................... 216 (Francesca Ervas) Chapter Ten ............................................................................................. 221 Evolutionary Psychology and Morality: The Renaissance of Emotivism? (Mario De Caro) Discussion.......................................................................................... 232 (Annalisa Paese) Chapter Eleven ........................................................................................ 237 Between Data and Hypotheses (Emiliano Ippoliti) Discussion.......................................................................................... 262 (Fabio Sterpetti) -/- Section III: Logic and Mathematics -/- Chapter Twelve ....................................................................................... 273 Dedekind Against Intuition: Rigor, Scope and the Motives of his Logicism (Michael Detlefsen) Discussion.......................................................................................... 290 (Marianna Antonutti) Chapter Thirteen...................................................................................... 297 Mathematical Intuition: Poincaré, Polya, Dewey (Reuben Hersh) Discussion.......................................................................................... 324 (Claudio Bernardi) Chapter Fourteen ..................................................................................... 329 On the Finite: Kant and the Paradoxes of Knowledge (Carl Posy) Discussion.......................................................................................... 358 (Silvia Di Paolo) Chapter Fifteen ........................................................................................ 363 Assimilation: Not Only Indiscernibles are Identified (Robert Thomas) Discussion.......................................................................................... 380 (Diego De Simone) Chapter Sixteen ....................................................................................... 385 Proofs and Perfect Syllogisms (Dag Prawitz) Discussion.......................................................................................... 403 (Julien Murzi) Chapter Seventeen ................................................................................... 411 Logic, Mathematics, Heterogeneity (Emily Grosholz) Discussion.......................................................................................... 427 (Valeria Giardino) -/- Contributors........................................................................................ ..... 433 Index............................................................................................... ......... 437 -/- Price Uk Gbp: 49.99 Price Us Usd: 74.99. 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I examine the role that mathematics plays in understanding and modelling finance, especially stock markets, and how philosophy affects it. To this end, I explore how mathematics penetrates finance via physics, constructing a ‘financial physics’, and I outline the philosophical backgrounds of this process, in particular the ‘philosophy of equilibrium’ and that of critical points or ‘out-of-equilibrium’. I discuss the main characteristics and a few weaknesses of these mathematizations of financial systems, notably econometrics and econophysics, and I compare the two (...) ways, top-down and bottom-up, of building mathematical approaches to finance. The top-down approach is the most used and the most conservative. I argue that it guarantees a mathematical account, but it is less effective than the more difficult bottom-up approach, which is more appropriate and which may end up without a mathematical account of financial phenomena. I then consider two important issues raised by a mathematical approach to finance, that is, the performative and the reversing side of mathematics, and an ethics of mathematics. In the first case I argue that mathematics not only can be a performative device, but it also enables ‘reversing’ dynamics, that is, a mathematical model may become not a representational tool, but a device of social engineering—a mathematical way of investigating what are the initial conditions and processes needed to obtain an intended result. In the second case I argue that this specific relation between mathematical modelling and prediction raises an ethical question in finance, namely, a responsible construction and use of the mathematical models provided by a financial physics.1.From physics to finance: the mathematical way2.Finance, mathematics and the philosophy of equilibrium3.Finance, mathematics and critical points4.A mathematical access key?5.Performativity: the mathematical forging of finance6.An Ethics of mathematics in finance. (shrink)

How do we get new knowledge? Following the maverick tradition in the philosophy of science, Carlo Cellucci gradually came to the conclusion that logic can only fulfill its role in mathematics, science and philosophy if it helps us to answer this question. He argues that mathematical logic is inadequate and that we need a new logic, framed in a naturalistic conception of knowledge and philosophy - the heuristic conception. This path from logic to a naturalistic conception of knowledge and philosophy (...) explains the title, From a Heuristic Point of View, which recalls the celebrated collection of essays, From a Logical Point of View, by Willard Van Orman Quine, the father of modern naturalized epistemology. The word 'heuristic' points to Cellucci's favorite theme and the main difference between him and Quine: the emphasis on discovery and building a 'logic' for generating new knowledge. This book is a collection of essays from leading figures in this field who discuss, criticize, or expand on the main topics in Cellucci's work, dealing with some of the most challenging questions in logic, science and philosophy. (shrink)

(ENG) The paper examines the main approaches developed in the XIX and XX century to account for the way scientific discover unfolds. -/- (ITA) L'articolo esamina le principali teorie filosofico-scientifiche elaborate nell'800 e nle '900 per render conto dei processi di scoperta scientifica.

(ENG) The paper examines the first attempts put forward in ancient Greek to build a method for scientific discovery and how they have been progressively neglected. -/- (ITA) L'articolo esamina i primi tentativi effettuati nell'antica grecia di costruire un metodo della scoperta scientifica, e analizza le ragioni che hanno portato al suo progessivo abbandono.

This paper sets out to show how mathematical modelling can serve as a way of ampliating knowledge. To this end, I discuss the mathematical modelling of time in theoretical physics. In particular I examine the construction of the formal treatment of time in classical physics, based on Barrow’s analogy between time and the real number line, and the modelling of time resulting from the Wheeler-DeWitt equation. I will show how mathematics shapes physical concepts, like time, acting as a heuristic means—a (...) discovery tool—, which enables us to construct hypotheses on certain problems that would be hard, and in some cases impossible, to understand otherwise. (shrink)

I examine the way a relevant conceptual novelty in mathematics, that is, the notion of group, has been constructed in order to show the kinds of heuristic reasoning that enabled its manufacturing. To this end, I examine salient aspects of the works of Lagrange, Cauchy, Galois and Cayley. In more detail, I examine the seminal idea resulting from Lagrange’s heuristics and how Cauchy, Galois and Cayley develop it. This analysis shows us how new mathematical entities are generated, and also how (...) what counts as a solution to a problem is shaped and changed. Finally, I argue that this case study shows us that we have to study inferential micro-structures, that is, the ways similarities and regularities are sought, in order to understand how theoretical novelty is constructed and heuristic reasoning is put forward. (shrink)

I investigate the construction of the mathematical concept of quaternion from a methodological and heuristic viewpoint to examine what we can learn from it for the study of the advancement of mathematical knowledge. I will look, in particular, at the inferential microstructures that shape this construction, that is, the study of both the very first, ampliative inferential steps, and their tentative outcomes—i.e. small ‘structures’ such as provisional entities and relations. I discuss how this paradigmatic case study supports the recent approaches (...) to problem-solving and philosophy of mathematics, and how it suggests refinements of them. In more detail, I argue that the inferential micro-structures enable us to shed more light on the informal, heuristic side of mathematical practice, and its inferential and rational procedures. I show how they enable the generation of a problem, the construction of its conditions of solvability, the search for a hypothesis to solve it, and how these processes are representation-sensitive. On this base, I argue that: 1.the recent development of the philosophy of mathematics was right in moving from Lakatos’ initial investigation of the formal side of a mathematical proof to the investigation of the semi-formal, heuristic side of the mathematical practice as a way of understanding mathematical knowledge and its advancement. 2.The investigation of mathematical practice and discovery can be improved by a finer-grained study of the inferential micro-structures that are built during mathematical problem-solving. (shrink)