Chapter 6 of this book talks about whether or not the name that a parent give their child matters. Levitt provides an example about a New York City man who was named Robert Lane, he named his first son Winner and then named his next son Loser. Despite what his name suggests, Loser Lane succeeded in life, moving up in the NYPD. Winner Lane however, has been arrested nearly thirty six times. He tells a story of a woman who named her daughter Temptress, meaning to name her Tempest, the girl went on to do things like inviting men over while her mother was at work. Levitt then asks the question, does the name given to a child affect his life?…
Freakonomics a Biblical Perspective In this paper, I will write my analysis of the book Freakonomics by Steve D. Levitt and Stephen J. Dubner. I will use a biblical perspective on three major finding from the book that grabbed my interest. Schoolteachers and Sumo Wrestlers In this chapter of the book, Levitt and Dubner use different examples to explain the economics of incentives and morality of incentives.…
Incentives are the best way to create policies. Government, however, should regulate these policies so they don’t deviate from their original reasons. For example, once something gets rare, it becomes more and more scarce and also more and more expensive. Like the Rhino’s horn, an example Charles gives in the chapter, made the black rhino endangered because its value was so high that it kept increasing when it got even scarcer. This is a fine example of why incentives need to be regulated. Material things need to bring in profit; if they don’t then they are dispensable. This is maximizing the use of scarce resources. Incentives are the biggest things that motivate individuals.…
Levitt and Dubner, in chapter 4 of their book “Freakonomics”: "Where Have All the Criminals Gone?" give a description of several interconnections in the midst of different instances. The two writers affirm that in 1988 and 1994, there was a reduction in the rates of crimes.…
The book Freakonomics by Stephen J. Dubner and Steven Levitt challenges conventional wisdom to find a hidden side of everything. The book takes some of America’s most controversial topics such as, cheating, the Ku Klux Klan, drugs and Roe vs. Wade and challenges common knowledge by asking provocative questions. Did you know that if you give a school teachers a large enough incentive, then they will cheat to win? At first when Dubner and Levitt proposed this question I did not believe them. I would have never thought that the people who lecture us year after year making sure we do not cheat were hypocrites; I was wrong. In 1996, the Chicago Public school systems decided to put into place an incentive program for teachers; if the teachers teach…
“An incentive is simply a means of urging people to do more of a good thing and less of a bad thing.” This quote from Freakonomics by Steven D. Levitt and Stephen J. Dubner explains why incentives are used in modern society. They are present to motivate someone to make a decision, whether it be a positive or negative one. Many times the average person thinks of an incentive as a term they are not familiar with, or that they don’t use on a daily basis. However, people everywhere use incentives on a daily basis to get what they want, whether they realize it or not.…
In Freakonomics, Stephen D Levitt and Stephen J. Dubner’s purpose was to make the reader susceptible to the idea that there is a concealed yet obvious side of everything, if delved into enough. This purpose is useful in uncovering the conventional wisdom, a phrase coined by economist John Kenneth Galbraith. According to him, he believed that conventional wisdom “ must be simple, convenient, comfortable, and comforting - though not necessarily true”(Levitt and Dubner 86). But, what if someone wanted to know if some conventional wisdom is true? Therefore, delving into the hidden sides of conventional wisdom is necessary, which is exemplified with the peculiar issue drug dealers living with their moms and becoming rich.…
The book Freakonomics is generally a very informative with little bias in the work. Both sides of the argument would be presented in almost in all situations. Levitt did assume that social incentives would mostly be undermined by economic or moral incentives. The nonlinear development of the book does make it somewhat difficult to understand for individuals with little prior knowledge on the…
2. Chapter two. Explain why incentives matter. What you think about the author’s ideas on black…
(Levitt & Dubner 12). In this essay, I will be focusing on how incentives are the cornerstones of…
The central thesis and argument of this segment of Freakonomics are the reasons why the rates of crime in the United States rapidly reduce in recent years. I think this argument that Steven Levitt reasonably explains about decreasing American criminal rates in possible points. As Levitt’s explanations, he is arguing that an increase in the reliance on prisons, innovative policing strategies, changes in the crack market, lawful enforcements including to increase in police nationwide and gun-control laws, and a legalization of abortion. I personally also think that all of these reasons are definitely…
Freakonomics is divided into six chapters, each containing studies and stories that are analyzed economically in order to try to pinpoint the backbone of the modern day world. In a nutshell, the first chapter talks about cheating schoolteachers and sumo wrestlers, the second chapter compares the Ku Klux Klan and real-estate agents, the third chapter looks at the income of drug dealers, the fourth chapter inspects criminal behavior over the past decades, the fifth chapter asks the question: “Do parents really matter?”, and the final chapter examines what a baby’s name can reveal about the parents. Each chapter contains multiple studies related to the topic of the chapter, their results, and how they affect economics and sequentially, the world. By explaining the studies, asking questions of the reader, and thinking critically, Levitt and Dubner help the reader think like an economist.…
Daily Humans face the difficulty of choosing what's morally right, and morally wrong. Whether it be the simple everyday 'thank you' and 'please' or perhaps the wrong decision made under the carpet for personal gain, every action has a reaction. These choices seem simple when seen on paper, however the once simple decision becomes quite the opposite when an alternate motive poisons the minds of unsuspecting civilians. Freakonomics illustrates the harsh reality that once people are given a choice, no matter how wrong it may seem; when their neck is on the line, the majority of civilians will do what it takes to benefit themselves. Reffering to the rhetorical evidence of logos, Levitt and Dubner use examples from school systems to sumo wrestlers to explain to readers the motivation behind the so called cheating that plagues society. In “What Do School Teachers and Sumo Wrestlers Have in Common” Levitt and Dubner describes the situation for the teachers inside the Chicago Public Schools. It just so happens that the year the teachers proved to be fraudulent “high stakes testing” implemented itself into the school system (22). With bonuses and jobs on the line are the teachers really to blame? If it is true everyone has a price then it must be true that the Chicago Public Schools hit the teacher’s price dead on. In turn the question must be asked: who cheats? “Anyone, if the stakes are right” (22). As rhetorical elements, these descriptions convince the audience that everyone has a price to do what’s proven as morally wrong. Overall Levitt and Dubner sufficiently paint a picture in the minds of readers why someone would go against morality to benefit…
In the novel, “What Money Can’t Buy” Michael J. Sandel uses numerous real world analogies to display how incentives and the lack of monetary limits are defacing personal relations, separating society based on wealth, and creating corruption through the commodification of everyday life.…
"She's a super freak, super freak, she's super freaky yow!" Rick James wasn't the only person to portray a message about "freaky" matters. Authors Steven D. Levitt and Stephen J. Dubernin coined together to write a book called Freakonomics. Freakonomics is the study of economics based upon the principle of incentives. On certain occasions, there are some theories that suggests reactionaries and economists find offensive by the content that are explained by these authors. These theories are, in fact, undeniable. Freakonomics presents, rogue economists that search for the hidden side of everything. By mid 2010, Freakonomics the movie published their big-break documentary film at the Tribeca Film Festival. There were substantial controversy about the film and book, being that the two were completely different. With patience, time, and effort here's what I critically examined. Similarly, both Freakonomics the movie and Freakonomics the book did convey cultural segregation; the gap between white culture and black culture. A segment form the Freakonomics movie called, "Can a 9th Grader Be Bribed to Succeed?" did not touched based upon in the book. Segments consisting of parenting in the movie were comparable to the book.…