Excerpt from Freakonomics by Steven Levitt, Stephen J. Dubner, plus links to reviews, writer biography & more
A Rogue Economist Explores the Hidden Side of Every Thing
Relating to this guide
- Reading Guide
This guide, then, happens to be written from a tremendously certain worldview, considering a couple of fundamental tips:
Incentives would be the foundation of contemporary life. And understanding them — or, frequently, ferreting them down — is key to re solving almost any riddle, from violent criminal activity to recreations cheating to internet dating.
The wisdom that is conventional frequently incorrect. Crime did not keep soaring, cash alone does not win elections, and — shock — consuming eight cups of water a has never actually been shown to do a thing for your health day. Mainstream knowledge is actually shoddily created and devilishly tough to overturn, however it can be achieved.
Dramatic impacts usually have remote, even slight, causes. The solution to an offered riddle just isn’t constantly appropriate right in front of you. Norma McCorvey had a better effect on criminal activity than did the combined forces of weapon control, a good economy, and revolutionary authorities methods. Therefore did, even as we shall see, a person called Oscar Danilo Blandon, aka the Johnny Appleseed of Crack.
“Specialists” — from criminologists to real-estate agents — utilize their informational benefit to provide their particular agenda. Nevertheless, they may be beat at their particular game. Plus in the facial skin associated with the Web, their informational benefit is shrinking every single day — as evidenced by, on top of other things, the dropping cost of coffins and life-insurance premiums.
Once you understand things to determine and exactly how determine it creates a world that is complicated less so. You can explain riddles that otherwise might have seemed impossible if you learn how to look at data in the right way. (more…)