I read the book for university class! -Freakonomics Summary HERE Remember. This. Is. A. Spoiler. Those who haven’t read yet- close these… and go read it peeps!!!! Summary of Freakonomics – short (this’ll be my essay for university :> ) Chapter 1: What Do Schoolteachers and Sumo Wrestlers Have in Common? This chapter’s main idea is that the study of economics is the study of incentives. We find a differentiation between
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Anya Brown Econ 2201 Iris Buder Freakonomics Chapter 1-2 In chapter 1‚ we learn that there are consequences to everything‚ and we also learn about cheating. The book begins talking about being a manager of a day care center. We state that there is a fee of $3 added to the daycare fee is parents are late. You would think that the number of parents arriving late to pick up their children would be lower‚ but the rate was higher. In fact‚ it was double. This leads into the discussion of how in economics
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Freakonomics Chapter 1 Summary In chapter one of Freakonomics‚ Stephen Dubner and Steven Levitt describe how when incentives are strong enough‚ many usually honest people from different walks of life will cheat in order to gain financially or climb the ladder in their careers. The authors define an incentive as “a means of urging people to do more of a good thing or less of a bad thing.” This chapter covers three varieties of incentives: Economic‚ Social and Moral. Economic incentives motivate people
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In Chapter One of Freakonomics‚ “What Do Schoolteachers and Sumo Wrestlers Have in Common‚” the authors accentuate the argument that there are three types of incentives and that these incentives impel people to act a certain way. As Steven D. Levitt and Stephen J. Dubner explain‚ “An incentive is simply a means of urging people to do more of a good thing and less of a bad thing.” The authors later explain the differing incentives‚ stating that economic incentives are those in which a person responds
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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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In Chapter 4 of Freakonomics‚ the main subject is the question on why criminal activity has declined so rapidly at such a sharp rate in time. This chapter goes in depth and explains the relevance between abortions and the impact it had on society. While crime is still going on today the overall statistics of criminal actions has decreased at such a high numbers many questions were asked on how and why this has happened. This chapter goes into detail on the 1990’s in which one big law was passed that
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In the first chapter of Freakonomics‚ the authors of the book used a quote that in my opinion best describes the whole idea of the chapter. That quote is “a thing worth having is a thing worth cheating for” by W. C. Fields. This quote perfectly summarized the whole chapter’s idea incentives‚ the idea that incentive “is simply a means of urging people to do more of a good thing and less of a bad thing” and how incentive “is a bullet‚ a lever…‚ [and] an often tiny object with astonishing power to
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In “Chapter 6” of Freakonomics‚ the author‚ Steven Levitt‚ discusses whether the names parents give their children determine the kind of person their children turns out to be. At first‚ the chapter begins with a case about the Winner and Loser brothers‚ whose lives contradict their names. Additionally‚ the author tells a story of a woman who named her daughter Temptress. Conversely‚ in this case‚ Temptress did suggest something about the ungovernable behavior of the fifteen-year-old daughter. The
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Tre’Voris Word 28 February 2014 Coach Young Economics Freakonomics Freakonomics is a book about provocative analysis of human motivation and modern living. It reveals to the reader a common world through a totally different pair of lens. The author uses the raw data of economics to ask imaginative questions while it forces the reader to think cleverly and divertingly of the answers. The author’s approach to economics was done in a very unconventional way- as a smart‚ curious explorer parallel to
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Professor Gade ECON 2103 21 October 2016 Freakonomics: Chapter 2‚3‚5 Freakonomics chapters two‚ three‚ and five intrigued me the most due to the chapter titles. In chapter two‚ the authors discuss the title question of the chapter‚ “How is The Ku Klux Klan Like a Group of Real-Estate Agents.” How does the world relate to one another‚ and how are groups the same in an information asymmetry aspect. In chapter three‚ the authors discuss the title question of the chapter “Why do Drug Dealers Still Live with
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