This summer we were assigned to read the book Freakonomics written by Steven D Levitt and Stephen J Dubner. This book was very interesting to read. Reading the book each chapter asked a question and then once you read the book‚ it will answer the question. Stephen Levitt begins the introduction by discussing the rise in crime in the early 1990s. Violent crime was relentless‚ and experts predicted it was only going to get worse. The news and media always portrayed each criminal as a heartless thug
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Freakonomics Book Report In chapter 1‚ Levitt and Dubner describe how many people in different cultures and walks of life‚ which are otherwise inclined to be honest‚ find subtle ways of cheating to advance their position or increase monetary awards when incentives are strong enough. The authors define an incentive as “a means of urging people to do more of a good thing or less of a bad thing‚” and identify three varieties of incentives. Economic incentives are those‚ which a person responds to
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Isaac Pak Mrs. Boguchwal AP Microeconomics 18 August 2013 Freakonomics Reflection/Response Initially‚ I was intrigued by the book based on its odd cover‚ an image of what appears to be a granny smith apple on the outside and an orange on the inside‚ and I found the contents far more interesting. The “catchphrase” used is “a rogue economist explores the hidden side of everything”‚ and no other phrase could be more accurate. Steven D. Levitt‚ a professor of economics at the University of Chicago
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The most interesting excerpt of “Freakonomics” was the connection made between crime rates and abortions. This passage was fascinating for a few reasons. The first reason being that it makes absolute and complete sense‚ so much so that it should be common sense. This correlation between the legalization of abortion and the rate of crime going down is so simple‚ yet so incredibly profound. This piece of information‚ if used correctly‚ can totally obliterate the argument that pro-choice is a negative
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In its use of data to make sense of seemingly unrelated events via economics- Freakonomics operates from a rather Godless perspective- denying His design. The authors work very hard to stick to the numbers and to be objective. However‚ as we learned in our primary textbook- “Values enter the picture at several stages‚ both consciously and subconsciously- when choosing a topic to research‚ when variables are chosen to use in analysis‚ and finally when suggestions are made as to how a problem may be
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ACCOUNTING STRATEGY AND CONTROL (AC 411) ESSAY 1: Do you believe that incentive pay is truly effort-‐inducing; that is‚ drive employees to perform at their best? Discuss In recent times‚ companies are faced with a lot of competition and they need to constantly devise strategies to tackle this competition. They
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Justin Rayome Dr. Ditloff International Relations 6 March 2014 Levitt‚ Steven D‚ and Stephen J. Dubner. Freakonomics: A Rogue Economist Explores the Hidden Side of Everything. New York: Harper Collins‚ 2005. Print. The authors of Freakonomics‚ Steven D. Levitt and Stephen J. Dubner‚ were very clear in the fact that they did not want their book to simply revolve around one single theme‚ thus making it difficult to discern a distinct thesis statement or theory. Some may perceive this type of approach
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Freakonomics The first part of the movie talks about the way real estate agents work and whether their interests are actually aligned with the seller of the property or not. This is confirmed by the data which shows that the homes of real estate agents tend to command a better price than the client’s as the agents hold the property for more days on the market. The agents ask the clients to sell their respective property’s right away because the additional consideration which they get‚ for waiting
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Levitt‚ Freakonomics addresses those conventional wisdoms conceived by the partisan tendencies of the experts behind them; it delves into the economics‚ or as Levitt puts it‚ “incentives‚” behind…everything. Freakonomics does not attempt to constrain itself to discussion of exchange of goods and services. Its application of economic principles to a variety of scenarios ensures that the book appeals to a general audience rather than remaining an obscure book only read by the academia. Freakonomics is
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chapter 3: freakonomics conventional wisdom: body of ideas or explanations generally accepted as true by the public or by experts in a field challenging the conventional wisdom of a sticky social situation may be difficult since experts are usually the ones presenting the facts advertising increases the demand of a market good “pitched as a solution for “chronic halitosis”—a then obscure medical term for bad breath. Listerine’s new ads featured forlorn young women and men‚ eager for marriage
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