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.
Which is more dangerous, a gun or a swimming pool? Which should be feared more: snakes or french fries? Why do sumo wrestlers cheat? In this groundbreaking book, leading economist Steven Levitt—Professor of Economics at the University of Chicago and winner of the American Economic Association’s John Bates Clark medal for the economist under 40 who has made the greatest contribution to the discipline—reveals that the answers. Joined by acclaimed author and podcast host Stephen J. Dubner, Levitt presents a brilliant—and brilliantly entertaining—account of how incentives of the most hidden sort drive behavior in ways that turn conventional wisdom on its head.
Forget your image of an economist as a crusty professor worried about fluctuating interest rates: Levitt focuses his attention on more intimate real-world issues, like whether reading to your baby will make her a better student. Recognition by fellow economists as one of the best young minds in his field led to a profile in the New York Times, written by Dubner, and that original article serves as a broad outline for an expanded look at Levitt's search for the hidden incentives behind all sorts of behavior. There isn't really a grand theory of everything here, except perhaps the suggestion that self-styled experts have a vested interest in promoting conventional wisdom even when it's wrong. Instead, Dubner and Levitt deconstruct everything from the organizational structure of drug-dealing gangs to baby-naming patterns. While some chapters might seem frivolous, others touch on more serious issues, including a detailed look at Levitt's controversial linkage between the legalization of abortion and a reduced crime rate two decades later. Underlying all these research subjects is a belief that complex phenomena can be understood if we find the right perspective. Levitt has a knack for making that principle relevant to our daily lives, which could make this book a hit. Malcolm Gladwell blurbs that Levitt "has the most interesting mind in America," an invitation Gladwell's own substantial fan base will find hard to resist. 50-city radio campaign.
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Fantastic book, keeps your attention the whole time. Great ideas and theories. High recommend reading. Easy to read and understand.
Freakonomics is an interesting look at a wide variety of phenomenon, using the statistical analysis of economics to prove or disprove the conventional wisdom.
I love this book because it puts facts and proof up against theories and feel-good answers. The authors even dwell on politically incorrect topics (linking an increase in abortion to a decrease in crime, and showing that backyard swimming pools kill more children than guns) if that's where the data leads them.
This book should be required reading in Journalism school, though I highly recommend it to everyone, regardless of their profession.
Freakanomics - An Abnormal View of an Irregular World
Freakanomics is a combination of short stories. Each "story" is about a question and the unusual way in which the authors delve into mountains of data, define the question in an answerable form, and arrive at conclusions that are frequently surprising.
This book provides excellent examples as to why it is important to consider other options, other outcomes, and to question the "why" of things in our lives. Sometimes the obvious reason is, in fact, not the reason at all.
Most of us are not economics experts, nor do most of hold any kid of degree in economics. But many of us would benefit mightily from applying a little thought as to what motivates people in our daily lives to do what they do. Look beyond the obvious, beyond tHe surface. Be discerning. Examine life. And have fun with it.