In facing these problems the author describes certain basic economic principles and other ways of thinking that they use to view and manage the data in solving the questions they have proposed. The first economic principle the author lays out is that incentives are the cornerstone of modern life. The author suggests that studying a person’s responsiveness to incentives is a main component in explaining things from violent crime to online dating. The authors second way of thinking is that conventional wisdom is often wrong. Their prime examples for this outlook is the faulty reasoning that crime did not soar in the 1990’s, money does not necessarily win a person an election, and drinking certain amounts of water has little effect on ones health. This book creates a circumstance in which the reader is forced to use these tools themselves to arrive at their own conclusions, and examine each individual case in its own way.
The last two basic principles that the authors provide is an insight into the means in which experts and clients... [continues]
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(2011, 03). Freakanomics Synopsis. StudyMode.com. Retrieved 03, 2011, from http://www.studymode.com/essays/Freakanomics-Synopsis-637544.html
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