Steven D. Levitt and Stephen J. Dubner’s article‚ “SuperFreakonomics: What Should You Worry About?” is a piece that explains what we as humans worry about that aren’t as big of a deal as we think. Levitt and Dubner claim that we are terrible at assessing risk and that we focus more on things like shark attacks and lightning strikes versus things like heart disease which has a more likely chance of doing harm to us. Economics is a key term that they use to explain how we can assess the risks that
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People have to face so many problems nowadays‚ and there are also many solutions for people to choose. But not all solutions work well in some situations. Therefore‚ in the book “Think Like a Freak”‚ S. Levitt and S.Dubner taught readers a lot of specific ways to solve the problem. According to the authors “Think Like a Freak”: “Understanding the incentives of all the players in a given scenario is a fundamental step in solving any problem”. Sometimes‚ the incentives don’t really work well. However
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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 the fifth chapter of Steven D. Levitt and Stephen J. Dubner’s book‚ Freaknomics‚ they begin by talking about parents and risk taking. The book mentions how every few years the parenting “experts” change their mind. One year they may say‚ “Breast feeding is the only way to guarantee a health child‚” while only a few years later another expert will say that‚ “Bottle feeding is the answer.” The book also goes to mention that some experts say‚ “Spare the rod‚ spoil the child;” others say‚ “Spank the
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Freakonomics review Chapter 1 An incentive is something that gets someone to do a good thing instead of a bad thing. “An incentive is simply a means of urging people to do more of a good thing and less of a bad thing”(Levitt 17) It relates to the study of economics because people are more likely to do something depending on the incentive they’ll be given. “The banning of cigarettes in restaurants and bars is a powerful social incentive” (Levitt 17). If the incentive means more money‚ there is
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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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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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best for them. However this want‚ can become obsessive. They find themselves at a point where they feel that if they child makes a mistake that they will be criticized by their peers. Parents have different ways of raising their kids. The book Freakonomics discusses the attributes of different kinds of parents‚ and what are the most successful methods. Some parents have a tendency to become overinvolved with the lives of their children. This over involvement has led to the term “helicopter parents
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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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like everyone and their mother has been listening to podcasts these days. I’m happily on the board with the whole podcast-craze‚ and if you’re looking for a form of (sometimes) educational entertainment‚ I’d highly suggest checking these out: 1) Freakonomics. This podcast “explores the hidden side of everything”‚ using economics to better explore behaviors‚ history‚ science‚ you name it. I’m sure a lot of you have heard of this podcast before‚ but if you haven’t yet‚ definitely take a listen. Even
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