  We study the Johansen-Ledoit-Sornette (JLS) model of financial market crashes
(Johansen, Ledoit, and Sornette [2000] "Crashes as Critical Points." Int. J.
Theor. Appl. Finan. 3(2) 219-255). On our view, the JLS model is a curious case
from the perspective of the recent philosophy of science literature, as it is
naturally construed as a "minimal model" in the sense of Batterman and Rice
(Batterman and Rice [2014] "Minimal Model Explanations." Phil. Sci. 81(3):
349-376) that nonetheless provides a causal explanation of market crashes, in
the sense of Woodward's interventionist account of causation (Woodward [2003].
Making Things Happen. Oxford:Oxford University Press).
