Epistemological Pluralism Seminar

Epistemological Pluralism Seminar
28 February 2020, 4.00pm - 6.00pm
Room 243, Second Floor, Senate House, Malet Street, London WC1E 7HU

Reasoning with Multiple Models: The Case of COMPASS

Jennifer Jhun (Duke)

Central banks often, when constructing a forecasting model to be used for policy considerations, appeal to multiple models in this endeavor. In the philosophical literature, the use of multiple models in order to account for some phenomenon is often associated with assessments of robustness, which itself could be conceived in various ways. Closer examination of actual economic practice, such as the way one might try to coordinate the Bank of England’s COMPASS model with auxiliary models, shows that economists are sometimes up to something much broader - an activity that could be construed as the construction of a coherent narrative. Leaning on work by Mary Morgan, we consider what epistemic insight might result from engaging in the project of coherent narrative-making, and raise the possibilities of (1) another notion of robustness not currently discussed in the extant literature, and (2) a complementary notion of realism to accompany the economist’s practice of narrative-making. 


The Epistemological Pluralism Seminar series in convened by James Nguyen, Jacobsen Fellow at the University of London, and is funded by a British Academy Rising Star Engagement Award. Details of the upcoming seminars in this series can be viewed here These seminars are open to all. Advanced booking is not required.


Institute of Philsophy
020 7664 4865