Freakonomics Essays

Freakonomics Essays Freakonomics Essay Freakonomics Essay Introduction: The Hidden Side of Everything There are several things required to understand the universe through economic sciences: foremost. cognizing the inducements of all parties ; 2nd. recognizing that conventional wisdom is normally incorrect ; 3rd. understanding that most effects have subtle and distant causes and the most obvious is frequently the incorrect one ; 4th. specializers like salesman and attorneies use vague cognition to accomplish their ain terminals and the cyberspace helps to gnaw this advantage by doing cognition more freely available to people ; in conclusion. informations is priceless to understanding the universe. Chapter 1: What Do Schoolteachers and Sumo Wrestlers Have in Common? Peoples all learn to react to inducements. whether positive or negative from the beginning of life. An inducement is merely a agency of pressing people to make more of a good thing and less of a bad thing. There are three basic spirits of inducement: economic. societal and moral. Economic inducement is something stuff or touchable ; moral is based of self-judgments ; societal is awfully powerful as it depicts what other people think of you ensuing from your ain actions or picks. Any inducement is inherently a tradeoff ; whatever the inducement. whatever the state of affairs. dishonest people will seek to derive an advantage by whatever agencies necessary. : Cheating is a natural act acquiring more for less. The authorities required the High-Stakes Testing as portion of the No Child Left Behind policy. A instructor whose pupils test ill can be censured or passed over for a rise or publicity. To catch a deceiver it helps to believe like one. The Chicago public school system fired tonss of instructors for rip offing. It is true that athleticss and rip offing go manus in manus. Sumo. the national athletics of Japan. is said to be less about competition than about honor itself. Sumo grapplers are ranked harmonizing to complex strategies. The eight triumph is really critical. the line between publicity and demotion and is four times as valuable in the rankings as the typical triumph. The grapplers made a quid pro quo understanding: you allow me win today. when I truly need the triumph. and I’ll allow you win the following clip. Two former sumo grapplers went public to expose the lucifer set uping within their athletics. but they died h ours apart. Meanwhile. Paul Feldman conducted a beigel survey several old ages ago. He concluded that people cheated more frequently during bad conditions and around nerve-racking vacations. Chapter 2: How is the Ku Klux Klan Like a Group of Real-Estate Agents? Contrary to conventional wisdom. lynching of inkinesss decreased because they became more submissive over clip. Ku Klux Klan steeped in all kinds of pathetic and complicated traditions and secrets and the leading generated grosss from induction fees. one-year dues. protection money etc. They were powerful because they horded information that others could non entree. that is precisely the same rule employed by the attorneies and existent estate agents. Since information is power. they use information dissymmetry. accepting that person normally an expert knows more than person else normally a consumer. to seek and acquire higher monetary values for their services. Chapter 3: Why Do Drug Traders Still Live with Their Moms? Experts’ words are non ever correct. but are difficult to hard. For illustration. there is a stating that there were about 3 million homeless Americans. but that certain seemed high. In add-on. women’s rights advocates claims that one in three American adult females will be a victim of colza or attempted colza. though the existent figure is one in eight. The image of a wealth. armed drug trader is besides a myth created by advocators. A bookman. Sudhir Venkatesh. lived among a subdivision of a pack the Black Gangster Disciple Nation. There he found out about the cultural and hierarchical relationship of the cleft industry for six old ages. He got a digest of paperss and budget studies of the pack and this revealed that there was so a batch of wealth if and merely if you were a leader. Drug covering is non really profitable for the bulk of people particularly if you’re portion of the pes soldiers or those at the underside of the pyramid. The innovation of the cleft is a immense success. They found that blending cocaine with baking sodium carbonate and H2O produced bantam stones of smokeable cocaine. Since cleft is merely a little sum of cocaine made stronger. it is comparatively cheaper than cocaine. doing it low-cost among hapless people. This. in bend. is the cause of decomposition of the household. which has been a beginning of ethical motives and strength of people. Chapter 4: Where Have All the Criminals Gone? The offense rate began falling in the early 1990s. Experts are seeking to explicate the bead in offense. Therefore. they formulated the undermentioned hypotheses about this: advanced policing schemes. increased trust on prisons. alterations in cleft and other drug markets. aging of the population. tougher gun control Torahs. stronger economic system and increased figure of the constabulary. The undermentioned showed the strongest nexus to the bead in offense: increased trust on prison. alterations in cleft and the legalisation of abortion. The most of import issue to understand refering the rapid diminution of offenses is the legalisation of abortion. Mothers who are typically hapless. uneducated. and are holding serious jobs are most likely to raise high Numberss of condemnable kids. It is concluded that states with the highest abortion rates experienced the greatest offense beads. while provinces with low abortion rates experienced smaller offense beads. Chapter 5: What Make a Perfect Parent? Fear is a major constituent of rearing. A typical parenting expert puts forth utmost thoughts that are really powerful and suggests danger to childs. Economic tools. arrested development analysis. for illustration. are used to calculate out the function of assorted enterprises. Genetics plays an of import function while child’s race is non of import in finding a child’s hereafter. The followers are the factors that has a strong correlativity with trial tonss of a kid: ( a ) child’s extremely educated parents. ( B ) child’s parents high socioeconomic position. ( degree Celsius ) child’s female parent at the clip of her first child’s birth. ( vitamin D ) child’s low birth weight. ( vitamin E ) child’s spoken linguistic communication at place. ( degree Fahrenheit ) acceptance of a kid. ( g ) child’s parents engagement in the PTA. and ( degree Fahrenheit ) child’s figure of books in his place. The list describes who the parents are: what cistrons they have. what their basic values are. and where they are in life. Chapter 6: Perfect Parenting Part II ; Or: Would a Roshanda by Any Other Name Smell as Sweet? Blacks name their kids really otherwise from everyone else. unlike Whites. Asians and Hispanics. who name their kids identically or small different. Black motion strives for a distinguishable individuality. that’s why they use unusual names. Parent’s socioeconomic position and instruction correlative with the names of their kids. Opportunities are. a individual with the white sounding name will bask a better life result because he is raised in a high criterion background. One’s life result does non entirely depend on one’s name. but really on his background. Chemical reaction on Freakonomics Freakonomics is a book written by Steven D. Leviit and Stephen J. Dubner explains The Hidden Side of Everything utilizing economic sciences where laypeople can easy understand. Unlike other books. there are a batch of subjects tackled in the book that challenges the conventional wisdom of the readers. Unusual inquiries are used as chapter rubrics. where the writers besides answer at the terminal of every chapter. The first chapter entitled What do schoolteacher and sumo grappler have in common? negotiations about how incentives work and affect persons’ behaviour. Incentives do matter. When I was still in pre-school. my parents used to give me 100 pesos every clip I get a hundred per centum in my tests per topic. On the other manus. during weekends. I wasn’t allowed to travel out of our house and play if and merely if I can’t reply my mom’s inquiries about the subjects discussed by my instructors for the hebdomad. The same works when I was in high school and in college. My parents would let me to purchase the things I want whenever I belong to the Dean’s List. Incentives do act upon my life in a good manner. Incentives given by my parents made me make good in school and convey out the best of me. My parents ever tell me that it’s O.K. if acquire not-so-high classs every bit long as they see that I work hard and non neglect my topics. Geting high class s is truly a fillip that’s why they’re willing to give inducements. With that illustration. I could hold that inducements do truly impact one’s behaviour. Following. 2nd chapter How is the Ku Klux Klan like a group of existent estate agents? looks at the power of information in markets. Information is really powerful in every facet of one’s life. It is apparent that one individual knows better information about something than another party. This is what is pertained to in the book as information asymmetry . Most of the clip. people were encouraged to purchase something after an expert says that the merchandise is truly good and will truly worth of our money. Knowing that they are experts. we normally accept what these experts say and believing their words are the lone option that we have. We are unjustly enriched when these experts promote false information or concealing the true information about the merchandise they are backing. My friends and other household members encountered the same incident sing false information promoted by an expert. as they say. There is merely one thing that I learned from their experiences ; that i s. to research or cognize more information about something in order for you to non be abused by others. Most people seek to gain non by normal agencies. but by working this derived function in information. Why do drug traders still live with their mas? is the 3rd chapter. which talks about the conventional wisdom coined by John Kenneth Galbraith. Conventional wisdom is defined as the organic structure of thoughts or accounts by and large accepted as true by the populace or by experts in a field. Though widely held. they remained unexamined. I am one of the people. who think that every individual who is engaged in a drug covering concern lives in a comfortable manner. I learned that drug dealing is like any other concern. where the individuals in the highest degree make the most money. while the foot soldiers or the 1s who worked the most and the hardest battle to do money stopping point to minimal pay. The chapter reflects the income-gap and the changeless jurisprudence of labour. as quoted from the book: When there are a batch of people willing and able to make a occupation. that occupation by and large doesn’t wage good. The following chapter. Where have all the felons gone? reveals the consequence of legalized abortion. its impact on offense. The writers mentioned that there is a trade-off off more abortion with less offense. In my sentiment. abortion itself is classified as a offense. a violent 1. Killing an guiltless kid with a future in front of him/her is truly an immoral act. For a Catholic like me. life is truly valuable. What if the aborted kid will be one of those who will detect a remedy for HIV? Or. what if the kid will be the following president of the Philippines who will convey alteration in our state? These ideas may be some of the things that are running through the heads of those who don’t want to legalise abortion particularly here in the Philippines. Contrary to the inquiries earlier. I truly asked myself. is it still immoral if the aborted kid will be a condemnable if he/she will be alive? Predicting the hereafter of a kid is a difficult thing to make. In my sentiment. why forbid a parent from aborting a kid if the parents can non give the kid sufficient attention and basic demands? On the other manus. I still believe that apportioning the resources decently is the reply to this societal job that leads non merely for decreasing offenses but besides cut downing the figure of hapless people. Then. the chapter What makes a perfect parent? replies different inquiries like Do parents affair? This chapter is what struck me the most. Of class. parents do affair. I agree on what is said in the book that fright is a major act of rearing. I believe that no parent wants his/her newborn to be hurt. A batch of parents spend a batch of their energy and money merely because they are scared. Reflecting about this chapter. I remember my parents when I asked them to let me take parting in a karate competition when I was 9. At first. they don’t. but after some clip they allowed me because I so do desire to fall in. That was my first clip. so my parents. particularly my ma. were truly scared for me. Fortunately. I won. but I got hit in the face giving me black Markss on my cheeks and olfactory organ. Since so. my ma did let me to go on my athletics. in one status: she will non watch any of my lucifers. though she will come after the tourney. In that manner. I could understand tha t she still supports me in whatever I want to make. but the fright that her girl will acquire injury is still apparent in that instance. In the eyes of the kids. parents are possibly overreacting. but we should understand that our parents are merely believing about us. our public assistance. Meanwhile. the last chapter Perfect rearing portion 2: Would a Roshanda by any other name odor as Sweet? discusses a position of rearing utilizing economic facets. It focuses on the economic deductions on the children’s names particularly for the white Americans and the African-Americans. I neer thought that even the names of kids would truly reflect the economic spread between the Whites and inkinesss. I believe that taking the child’s name is one of the first things that parents should truly believe about. the name that their kid would utilize until they grow old. My parents’ priest friend suggested that my ma and pa should acquire the names of their kids from the names of spiritual saints that’s why my large brother’s name is Paul Michael. from Saint Paul and Saint Michael. It is good that I know the history of my brother’s name. but for my name? I don’t cognize where my parents get mine. I am normally mistaken to be a cat because both my number one and last names pertain to a cat. My name reflects my personality: I depict a strong aura from the outside. but when I’m entirely I besides breakdown and wish that all will come back the manner it used to be. Overall. I find the book to be an interesting 1. Though I am non a individual who reads book a batch. I was able to larn a batch particularly that the writer used economic illustrations. which I think made me understand the contents more since I am a concern pupil. The book made me see things otherwise. and I neer thought of inquiring the similar inquiries probed in the different chapters of the book. It truly is an eye-opener for me on what is truly go oning in the society.