Abstract

Abstract: This paper examines the methodological arguments in Gul & Pesendorfer (2008) from the prospective of Blaug's Popperian methodology. The paper is divided into two parts. The first part examines the similarities between Gul & Pesendorfer's essay and Milton Friedman's famous essay published in 1953. The second part turns to the question of how the Gul & Pesendorfer's argument stands up to a Blaug-type Popperian analysis.

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