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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Freakonomics‚ by Steven Levitt‚ shows a different side to popular topics and changes your perspective of things you thought you already knew. He uses an informal tone as he shows you the facts and data of things that you thought you knew. He shows you things like how the KKK and real-estate agents are alike‚ what makes a perfect parent‚ and why drug dealers are still living with their moms in the most enjoyable way anybody can talk about those weird subjects and topics .With every point that Levitt
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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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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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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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Side of Freakonomics Freakonomics by Steven D. Levitt and Stephen J. Dubner is a book aimed at exposing the secret within everything. The authors prove that in many cases‚ two items don’t have to be connected because they are correlated. Moreover‚ two unrelated items can in fact be connected. Proving so was less difficult than it would seem. All it took was the right information. They were able to prove the most unlikely of correlations. The authors stress that in a world where incentives influence
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