Freakonomics establishes this unconventional premise: If morality represents how we would like the world to work, then economics represents how it actually does work. Now, with Think Like a Freak, Steven D. Levitt and Stephen J. Dubner have written their most revolutionary book yet. Freakonomics study guide contains a biography of Steven D. Levitt, literature essays, quiz questions, major themes, characters, and a full summary and analysis. Why do drug dealers still live with their moms? Print Word PDF. The Question and Answer section for Freakonomics is a great Parenting is a major theme at the end of Freakonomics, where Levitt shows through close data analysis that what parents do matters much less than who parents are—that is, the life circumstances that a child is born into is far more influential that any actions a parent takes to try and ensure success for them. resource to ask questions, find answers, and discuss the novel. These papers were written primarily by students and provide critical analysis of Freakonomics by Steven D. Levitt. Freakonomics Summary. How did the legalization of abortion affect the rate of violent crime? First published in the U.S. in 2005, Freakonomics went on to sell more than 4 million copies around the world, in 35 languages. SuperFreakonomics challenges the way we think all over again, exploring the hidden side of everything with such questions as: Levitt and Dubner mix smart thinking and great storytelling like no one else, whether investigating a solution to global warming or explaining why the price of oral sex has fallen so drastically. It also inspired a follow-up book, SuperFreakonomics; a high-profile documentary film; a radio program, and an award-winning blog, which has been called “the most readable economics blog in the universe.”. You’ll also learn a great deal about Levitt and Dubner’s own quirks and passions, from gambling and golf to backgammon and the abolition of the penny. The myths of campaign finance. Showing 1โ€“2 of 6 results Default sorting Sort by popularity Sort by average rating Sort by latest Sort by price: low to high Sort by price: high to low Itโ€™s a really good book. With their trademark blend of captivating storytelling and unconventional analysis, they take us inside their thought process and teach us all to think a bit more productively, more creatively, more rationally—to think, that is, like a Freak. Think of this book as a cousin to Freakonomics. Incentives are the things that motivate people to make certain choices, and we respond to incentives as early as infancy. 3. The inner workings of a crack gang. The New York Times bestselling Freakonomics was a worldwide sensation, selling more than 4 million copies in 35 languages, and changing the way we look at the world. Suduiko, Aaron ed. Find summaries for every chapter, including a Freakonomics Chapter Summary Chart to help you understand the book. Freakonomics essays are academic essays for citation. 10 Books Like Freakonomics. As always, no topic is off-limits. The writing is more casual, more personal, even more outlandish than in their books. Over the past decade, Steven D. Levitt and Stephen J. Dubner have published more than 8,000 blog posts on Freakonomics.com. The secrets of the Ku Klux Klan. Freakonomics, by Steven D Levitt and Stephen J Dubner (Penguin, £8.99). Freakonomics can be a challenging book because of the way that it entertains controversial ideas. Although this book does not have a single theme, the main focus of the book is a new way of interpreting the world using economic tools. What do hurricanes, heart attacks, and highway deaths have in common? Several months after Freakonomics was ๏ฌrst published, it was brought to our attention that this manโ€™s portrayal of his crusade, Freakonomics, and The New York Times best-selling Freakonomics changed the way we see the world, exposing the hidden side of just about everything. Take a master class in incentives—because for better or worse, incentives rule our world. The provocative and entertaining Freakonomics is a testament to Steven D Levitt's eclectic approach to economics, says Stephen Bayley Stephen Bayley Sat โ€ฆ It will literally redefine the way we view the modern world. In celebration of the 10th anniversary of the landmark book Freakonomics comes this curated collection from the most readable economics blog in the universe. Through forceful storytelling and wry insight, Levitt and Dubner show that economics is, at root, the study of incentives—how people get what they want, or need, especially when other people want or need the same thing. In Freakonomics, Levitt and Dubner argue that economics is, at root, the study of incentives. Economic models like supply and demand assume that both parties in the transaction—consumers and producers—have perfect information. It is also a lot of fun. Experts are often in a position to take advantage of this information asymmetry and maximize utility for themselves, misleading the consumer in the process. What do schoolteachers and sumo wrestlers have in common? For example, the book demonstrates that the most obvious reason why something happens is not always the real reason. Are people hardwired for altruism or selfishness? Many of them, they freely admit, were rubbish. Surprising and erudite, eloquent and witty, When to Rob a Bank demonstrates the brilliance that has made the Freakonomics guys an international sensation, with 7 million copies of their books sold in 40 languages, and 150 million downloads of their Freakonomics Radio podcast. Authors Steven D. Levitt and Stephen J. Dubner followed it up withSuperFreakonomics, a Freakquel that hardcore fans and newcomers alike have found to be even bolder, funnier, and more surprising than the first. While all of the stories that make up the six chapters of Freakonomics are immensely different, through all of them Levitt seeks to encourage readers to think outside the box and question the world around them. ButFreakonomics can provide more than that. Just as Levitt does in this book, readers are implored to explore "the hidden side of everything" (cover) and use data and the tools of economics to uncover the complex truth in seemingly mundane situations. Because this book is targeted at an audience that likely has little experience in the field of economics, it is important for Levitt to draw his readers in with eye-catching subjects. Freakonomics A Rogue Economist Explores the Hidden Side of Everything (Book) : Levitt, Steven D. : The legendary bestseller that made millions look at the world in a radically different way returns in a new edition, now including an exclusive discussion between the authors and bestselling professor of psychology Angela Duckworth. First, put away your moral compass—because it’s hard to see a problem clearly if you’ve already decided what to do about it. In Freakonomics, they explore the hidden side of … well, everything. These may not sound like typical questions for an economist to ask. The book's chapters cover: And why does KFC always run out of fried chicken? All rights reserved. But Steven D. Levitt is not a typical economist. Varying combinations of economic, social, and moral incentives play a major role in nearly all of the situations that Levitt talks about in Freakonomics, such as the incentives that drive schoolteachers and sumo wrestlers to cheat and the incentives that keep struggling foot soldiers in the business of crack dealing. Freakonomics is an interesting look at a wide variety of phenomenon, using the statistical analysis of economics to prove or disprove the conventional wisdom. Then came SuperFreakonomics, a documentary film, an award-winning podcast, and more. Learn to persuade people who don’t want to be persuaded—because being right is rarely enough to carry the day. Find the root cause of a problem—because attacking the symptoms, as often happens, rarely fixes the underlying issue. However, in real-world economics, one party typically has more information than the other. Steven Levitt. Not affiliated with Harvard College. "Freakonomics Themes". A wrestler who needs to win can win 75% or rather than 50% a time. How much do parents really matter? All contents © 2020 Freakonomics, LLC. The idea that crime reduction is primarily the result of Roe v. Wade is difficult for some to accept. It is true that readers of this book will be armed with enough riddles and stories to last a thousand cocktail parties. Play Book Tag: Freakonomics - Levitt & Dubner - 2 stars: 5 24: Dec 20, 2019 12:44PM Skin Science CBD: 1 12: Jun 28, 2019 04:07AM Thermofight x Side Effects: 1 6: May 07, 2019 10:49PM Play Book Tag: Freakonomics - Levitt and Dubner - 3 1/2 stars: 4 25: Dec 11, 2018 02:45PM It touches on a wide variety of topics ranging from cheating in sumo wrestling and the public schools to the economics of drug dealing. How often do 7/7 Sumo wrestlers win? This features in a number of Levitt's discussions, like those about the KKK and real estate agents;however, Levitt also points out that recent innovations like the internet have been able to diminish information asymmetry and level the playing field between experts and consumers. As an Amazon Associate, Freakonomics may earn commissions from qualifying purchases made through links on this site. Part of the widespread appeal of Freakonomics are the unconventional questions it asks. Other topics include parenting for childhood success in school, racial bias in baby names, real estate agents who sell out, teachers who cheat on tests, and the anatomy of drug dealing. Conventional wisdom tells us that drug dealers make a fortune, that certain activities are riskier than others, and that parents' every move influences their children's life outcomes; this book challenges readers to dig deeper and question what we assume is true by looking at concrete data that can reveal the real story. Freakonomics establishes this unconventional premise: If morality represents how we would like the world to work, then economics represents how it actually does work. Freakonomics is a go-to pick for any teacher looking to satisfy a nonfiction reading requirement with an interesting text that students will truly enjoy. In When to Rob a Bank, they ask a host of typically off-center questions: Why don’t flight attendants get tipped? Why is chemotherapy prescribed so often if it’s so ineffective? # 60234) February 10, 2011, 7:52am The book is a collection of articles written by Levitt, an expert who had gained a reputation for applying economic theory to diverse subjects not usually covered by "traditional" economists. The book was written by Stephen J. Dubner and is called Freakonomics [Revised and Expanded]: A Rogue Economist Explores the Hidden Side of Everything. What did the cheating by the Sumo wrestlers and that of the Chicago teachers have in common? Never before have such iconoclastic thinkers been so revealing—and so much fun to read. This book deals with the โ€˜invisible handโ€™ of economics in our everyday life. It’s the perfect solution for the millions of readers who love all things Freakonomics. In Freakonomics, Levitt and Dubner argue that economics is, at root, the study of incentives. Levitt also encourages readers to use data to uncover the unexpected causes for certain effects. Learn to say “I don’t know”—for until you can admit what you don’t yet know, it’s virtually impossible to learn what you need to. Some of the steps toward thinking like a Freak: Levitt and Dubner plainly see the world like no one else. Levitt and Dubner offer a blueprint for an entirely new way to solve problems, whether your interest lies in minor lifehacks or major global reforms. Although Levitt and Dubner write about highly charged topics, they write in a โ€ฆ The Undercover Economist by Tim Harford. Students will delight in reading about the mysterious, multifaceted topics in this text, and they'll especially like the way authors Steven D. Levitt and Stephen J. Dubner make them easier to understand and more relatable to their world. Crime is interesting from an economic perspective, since people who commit crimes are responding to incentives strong enough to counter innate human morality and motivate them to do the wrong thing. Think like a child—because you’ll come up with better ideas and ask better questions. The New York Times-bestselling Freakonomics changed the way we see the world, exposing the hidden side of just about everything. How much did an illegal abortion cost compared to a legal one under Roe v. Wade. Gundersen, Kathryn. Why are doctors so bad at washing their hands? But Levitt's analysis shows that this may not always be the case: sometimes these kinds of effects can have distant, subtle causes. Who adds more value: a pimp or a realtor? Copyright © 1999 - 2020 GradeSaver LLC. This section contains 1,097 words There are parts of this book that will disturb some listeners. How is a street prostitute like a department-store Santa? Along the way, you’ll learn the secrets of a Japanese hot-dog-eating champion, the reason an Australian doctor swallowed a batch of dangerous bacteria, and why Nigerian e-mail scammers make a point of saying they’re from Nigeria. Which is more dangerous, a gun or a swimming pool? It is human instinct to believe that effects have immediate, closely related causes, which explains why people were quick to believe that innovative policing strategies or strict gun laws were the reasons behind the 1990s crime drop. Topics such as coffee pricing, healthcare, immigration, market failures, externalities, globalization, international trade, etc are covered in a manner that will educate and entertain the reader. Predictably Irrational by Dan Ariely. When the book was first published in 2005, some readers and reviewers criticized Levitt and Dubner for discussing the possibility that there is an inverse relationship between gun sales and gun violenceโ€”an idea that people might find offensive. Freakonomics was written by Steven D. Levitt & Stephen J. Dubner. Freakonomics has been imitated many times over—but only now, with SuperFreakonomics, has it met its match. Freakonomics is a ground-breaking collaboration between Levitt and Stephen J. Dubner, an award-winning author and journalist. If youโ€™re at all interested in economics, data science, or even just popular books, itโ€™s a good bet that youโ€™ve heard of Steven D. Levitt and Stephen J. Dubnerโ€™s 2005 New York Times bestseller, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything. I suppose, the study of incentives economist Steven Levitt and Stephen J. 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