In a recent paper, Christian List (2014) has argued for the compatibilism of free will and determinism. Drawing on a distinction between physical possibility (used in defining determinism) and agential possibility (used in defining free will), List constructs a formal two-level model in which the two concepts are consistent. This paper's first contribution is to show that though List's model is formally consistent, philosophically it falls short of establishing a satisfactory compatibilist position. Ensuingly, an analysis of the shortcomings of the model leads to the identification of a controversial epistemological assumption implicit in the statements of both compatibilist and incompatibilist positions. Arguing that this assumption is not currently satisfied, the paper's second contribution is to show that neither the compatibilist nor the incompatibilist position is presently well-founded.