William Levitt

extent create) an unusual investment strategy to make millions following a market bust. The other reading, from Freakonomics, uses the framework of economics to explain unusual social phenomena that otherwise go unquestioned by the masses. Steven Levitt explains, through the incentive of a glamorous lifestyle, drug dealers end up making less than minimum wage causing them to live at home. In the context of this class, the lesson from these readings are readily apparent: call out convention. To excel

best phrase to describe the books purpose. The book doesn’t have a set plot line like most books. The book makes people think about things different from how they normally would; for instance, the concept of real estate agents as the KKK. In the book Levitt and Dubner prove many times that correlation does not mean causation. However the book then goes in and provides of examples of how two unrelated items could in fact be connected. Thus, they are able to prove most unlikely correlations with the right

Freakonomics by Steven D. Levitt and Stephen J. Dubner, it talks about dealing with societal mores, economic incentives, and cheating. With schoolteachers, the possibility of getting a pay raise and the grades their students get on standardized tests are some of the incentives that derive them to cheat. In the book, Levitt explains how he examines sets of answers to these tests and tries to see a pattern if teachers were changing answers for their students. Dubner and Levitt, both incorporate samples

AP Macroeconomics Summer Homework Seohee Lee Period 5 I) Introduction Book Title: Freakonomics Author name: Steven D. Levitt, Stephen J. Dubner 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

wouldn’t be seen as related at all, let alone bound within the same two covers of a best-selling book. From sumo wrestlers to real-estate agents to drug dealers, Levitt and Dubner delve into these and many other unconventional topics in a way that shines a new light on all of them--in a way that an economist would look at them. Levitt and Dubner have a unique way of connecting two seemingly unrelated subjects by using data to compare economic ideas. Data from standardized tests and wrestling tournaments

Newspapers and blogs, especially online, often publish articles on “Random Acts of Kindness.” In these articles and posts, readers see photographs of firemen saving kittens, children helping the homeless, lost phones and wallets being returned, and of people helping other people. Many times, the author refers to the faith in humanity being restored and of the good morals some people hold. But what are morals? What is morality? The Merriam-Webster dictionary defines morality as “beliefs about what

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

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

unexplainable, or Levitt’s study of Economics, Freakonomics (Levitt, Dubner 14). For example, in the late twentieth century the crime was at an all time high, but by the turn of the century crime dropped to the lowest rate in the last 35 years. Many proposed that this massive drop resulted from gun control, a strong economy, or new police strategies, but what if the criminals that would have plagued the twentieth century were never born? Levitt would argue that the supreme court decision of Roe v. Wade

“What Do School Teachers and Sumo Wrestlers Have in Common?” 1. In Freakonomics, Levitt and Dubner built the book on the foundation of incentives. Incentives are described as a means of motivation that kick people to do more good or less bad in their daily lives. As the entire book hits the different types of incentives, economic, moral, and social, chapter one is the chapter that mainly focuses on economic incentives. Levitt and Dubner describes economic incentives by stating, “The chance of going to