Steven D. Levitt's Freakonomics

One of the primary fundamental ideas expressed in Freakanomic is that “incentives are the cornerstone of modern life”. An incentive is persuading people to do more good than bad. Levitt defines three types of incentives, social, economic, and moral. The authors state that individuals including sumo wrestlers and teachers, will behave unprofessionally to meet their needs and desires, if the incentives are good enough. A schoolteacher’s incentive to cheat has increased due to high-stakes testing. While a sumo wrestler’s chance of cheating will increase when he is on the bubble since the outcome of his matches will affect every aspect of his life. In order to determine if these incentives to cheat exist, specific data is viewed. For the

Drug dealers still bunk with their mothers due to the fact that they uphold subpar jobs. The reason for this is proven in the third chapter of Freakonomics. The

The intended audience of Steven D. Levitt and Stephen J. Dubner’s Freakonomics is made up of middle class Americans and comprised of adults and teenagers with a basic education and a broad knowledge of a wide range of subjects. Since Levitt and Dubner reference a large variety of topics, it is imperative for the audience to also be familiar with a wide variety of subjects or at the very least to be aware of popular culture and government. For example, when Levitt and Dubner reference a Supreme Court case, Roe v. Wade, where a young woman named Norma McCorvey was “...the lead plaintiff in a class-action lawsuit seeking to legalize abortion” they establish their audience as one that would be educated enough to know the fundamentals of some of the most important events in American history (Levitt and Dubner 5). By referencing the Roe v. Wade case, a court case which is generally considered to be common knowledge for Americans, Levitt and Dubner reveal that their audience must be comprised of

Many families don’t have any source of income. Distributing drugs is the only source of income for those that made the wrong choices in life. Lack of parent support effect the younger

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 with the promise of money or goods. Social incentives motivate people to respond in a certain way because they care about how they will be viewed by others. Moral incentives motivate people on the basis of right and wrong. We look at four

The author Steven Levitt studied economics at Harvard University and MIT. He is primarily known for his work in the field of crime. The title Freakonomics means a study of economics based on the principles of incentives. The title is related to the book since he emphasizes how incentives drive and affect people’s actions. 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. He explores incentives, information asymmetry, conventional wisdom, crime and abortion, and parenting throughout the six chapters of the book.

Co-founder of think-tank Demos, David Callahan, in his nonfiction book, The Cheating Culture, presents how cheating has become a prevalent influence in American society. Callahan’s purpose is not to shame Americans for breaking the law for a minimal profit, but rather, he intends to eliminate the underlying cause of cheating, which is the increasing gap between the rich and the poor. He adopts a sympathetic tone in order to appeal to similar feelings and experiences in his widespread readers.

The idea of cheating to attain rewards is no new concept. Throughout history, people have performed actions that contradict their morals in order to advance in society. Leaders, parents, and even children have taken shortcuts that strike at their integrity. In recent times, cheating has become more prominent than ever before. The concepts of honesty, fairness, and morality are not enforced, therefore, deception, fraud, and dishonesty prevail in the shadows. In Cheating Culture, written by David Callahan, the author addresses the issue of lying, deceit, and trickery in today's world, while also recognizing a change in the near future is within the people's grasp.

“An incentive is a bullet, a key: an often tiny object with astonishing power to change a situation” (Levitt & Dubner 16). Freakonomics is a book written in 2005 by award winning economist Steven Levitt and former New York Times journalist Stephen Dubner while they both resided in different states. The use of simple diction makes it so a larger audience can be reached; readers vary from everyday people to students to economists. In order to better explain economics, Levitt and Dubner appeal to their audience by forgoing economic jargon and using simpler terms to ensure that the readers understand and relate to what is being explained throughout the passages. The authors also appeal to the readers through their credible background and logically by using statistics, researches, facts and parallelism.

Many, if not most, of the people in today's generation are constantly judged by others and even themselves based on what their identity comprises of. The concept of racial injustice and inequality among ethnic minorities constantly fills the media. Women's rights issues seem to arise rapidly whenever a single female is mistreated in the slightest way. The debate on homosexuality is also an enormous topic in our social lives today, with millions of supporters for it, but also millions against it. This internal segregation within our own human population is nothing new, since it has been continuing ever since verbal and written communication with each other has existed. All these components, and many more, are a huge part of what identifies a

Chapter three of Freakonomics by Steven Levitt lays out an argument against the population’s capacity to hastily believe conventional wisdom. Commencing the chapter with anecdotes about faulty statistics and facts provided by so called “experts,” Levitt sews a seed of suspicion in the reader’s mind. Citing anyone from homelessness experts, to women's rights activists, to police departments, Levitt walks the reader through erroneous proclamations by individuals who drive the common knowledge of everyday people. After introducing each fabricated fact, Levitt not only invalidates each one respectively, but also goes on to explain why each expert provided such bogus information. To summarize Levitt’s commentary, each expert holds different motivations

Freakonomics is basically a book that explains its own version of the economic history. Dating all the way back to the 1800s with some stated facts explaining what incentives are and what type of incentives there are and what they're used for. Basically there’s a way to motivate someone and set them on a clearer path and bettering themselves in the future. One of the best motivations would be money because well money can get you anything in the world. Clothes, food, and car, Etc. They are a great way to motivate and give people that mind set to work for their money and not just lay there and wait for it on a silver platter. I feel like that people who work against people who never worked. They know more about the struggle than anything. Which is why they actually care when they get money and they spend it wise. Obviously the rich wouldn’t care to get or not because they already have enough to fall back on.

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 in the marketplace. Social incentives motivate people to respond in a certain way because they care or are worried about how they will be viewed by others. Moral incentives appeal to a person’s sense of right versus wrong. Three case studies of the

The book Superfreakonomics, by Steven D. Levitt and Stephen J. Dubner, is basically just a collection of stories that analyze certain aspects of our society/world, and evaluate why something is what it is or how it can be changed. All solutions/evaluations made by the authors though, are from an economist’s point of view. This is one of the main reasons why I chose this book alongside the fact that some of the stories inside I found to be quite intriguing. Topics discussed in the book ranged from why suicide bombers should buy life insurance to how street prostitutes are like department store Santa clauses. Despite the “interesting” topics discussed though, the main reason I chose this book was for the economics viewpoint of the authors. It

It has long appeared to many people that economics is the most successful of the social sciences. It has assumed that people are motivated by money and by the possibility of making a profit, and this has allowed it to construct formal, and often predictive, models of human behavior. This apparent success has led many other social scientists to cast envious eyes in its direction. They have