Freakonomics: Class Queen Of The Senior Class

Great Essays
According to Freakonomics “the science of economics is primarily a set of tools, as opposed to a subject matter” (Levitt. Pg. 13). The study of economics involves many different aspects such as societal mores, economic incentives, information asymmetry, and conventional wisdom, just to name a few. As time continues on though the study of economics boils down to humans respond to incentives. How and why do humans respond to incentives the way they do? Are these incentives always for the best? Incentives are what drive people to make the decisions they make there are both good and bad incentives.
In the book Freakonomics, the authors claim to be finding freakonomics as a new field of economics. Chapter one of Freakonomics starts off with economic
…show more content…
For instance, my senior year of high school, right around the time of homecoming as we were electing the Senior Class Queen, possibly the worst case of cheating had unfolded right in front of my eyes. One of my close friends named Sable was elected for Class Queen of the Senior Class, an extremly important title in high school. As the time drew closer to our schools homecoming, Sable approached me and confessed how she was making a D in her algebra two class; it was her second time taking it. This meant that if she didn’t bring her grade up, the Senior Class would be without a Class Queen at homecoming. I told her to talk to her teacher about extra credit, and to see if there was any way to bring her grade up to passing. The next day, Sable approached me telling me about her visit with her teacher, and how she had a test just a few days away, a week before homecoming. The teacher had explained that if Sable did really well on the test, then that would bring her grade up to passing. However, that wasn’t everything, Sable stated how the teacher had left the room for a moment, and she decided to see if she couldn’t get the answers for the test because she knew no amount of studying would help her. That’s when my friend showed me a picture of the test answers. I was sworn to secrecy after that and waited impatiently for homecoming to arrive. The day of homecoming I saw Sable introduced as the Senior Class Queen. Sable did this because, to her, the Senior Class having a Class Queen was more important than suspension for cheating. She succeeded in cheating on her test, thus being announced as the Senior Class Homecoming

Related Documents

  • Improved Essays

    I've discovered the economics field in my first year of high school but it never quite intrigued me as much as it does now for I thought it was mostly about numbers, rates… Being a huge reader, I was recommended the book Freakonomics and that’s when I realized it was more than just stats; it’s the study of trends, group behaviors, how the world works and why mostly. It was intriguing and so eye-opening and I wanted to learn more. So I went through other books, Malcolm Gladwell, Jon Ronson, Noam Chomsky…

    • 297 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    I have read, not skimmed 100% of the Wheelan book. From reading “Naked Economics,” I was able to better understand various concepts in economics and how they apply to the world today. In particular, I learned about tax policy, price discrimination, productivity, and globalization which has allowed me to better understand how economic policies affect my life and the world around me. I thought it was interesting when Wheelan mentioned that the best public policies economically are those that incentivise good habits like hard work or reducing pollution but don’t punish good tendencies at the same time.…

    • 707 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Freakonomics

    • 776 Words
    • 4 Pages

    The Hidden Cost of Your Good Night’s Sleep In June the Freakonomics Podcast explored the recent phenomenon of mattress stores popping up all over the country. Surely you’ve seen a Mattress-Firm, Sleepy’s, or Sleep Number store pop up in your town, sometimes right across the street from another. Dubner, co-author of the Freakonomics, articulated in the podcast the reality that the mattress market has become high profit because manufacturing costs, ease in marketing, low franchise fees for store owners, and pent-up demand from post-recession behavior. You may be one of the many people who has purchased a new mattress in the last two years, is considering a new one, or is contemplating having your next one delivered to your front door rolled up…

    • 776 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    When most people hear of the Emancipation Proclamation, they tend to believe that it was the document that freed the slaves; however, this document was merely a political ploy by Abraham Lincoln. Lincoln issued the document in late 1862, and it took effect on January 1, 1863. When many look at how and when this document was issued, they often neglect to analyze the document using an economic way of thinking. When evaluated this way, Lincoln’s motives and reasoning for the proclamation, the impacts that were made, and the legacy that Lincoln left stray from the common beliefs. Economics can be defined in many ways, but in this case, it is best defined as a study of how people respond to incentives.…

    • 928 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Honor Code Dbq Essay

    • 587 Words
    • 3 Pages

    The uprising conflict regarding the usage of honor codes being apart of school systems, from elementary schools to colleges. Some argue that honor codes are ineffective while others believe the contrary. The recognition of getting a high grade on a test using one’s knowledge is more delightful than knowing the answers are someone else’s. Honor code systems gives students fairness and punishments for the actions they chose to make. In fact my school’s honor code should be maintained because it promotes a positive academic environment, lowers the percentage of academic dishonesty, and it easily adapts to the school environment.…

    • 587 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    In the chapter “Where Have All the Criminals Gone” found in the book Freakonomics co-authored by Levitt and Dubner, a drastic decrease of crime starting in the 1990’s is observed (Dubner, Levitt 119). In attempt to explain this unexpected occurrence, several factors are examined to determine its correlation to the downward fall of crime rates, one of which, is the arrival of crack cocaine. As stated by Levitt and Dubner, “All told, the crash of the market accounted for roughly 15 percent of the crime drop of the 1980s--... it should be noted that crack was responsible for far more than 15 percent increase of the 1980s…” (135). Using data collected from other researchers, this theory shall either be confirmed or refuted.…

    • 1168 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Freakonomics has no unifying theme, rather it has multiple themes. Although there is no unifying theme in the book, Levitt and Dubner have a recurring theme which states that “economists love incentives… The typical economist believes that the world has not yet invented a problem that he cannot fix if given a free hand to design the proper incentive scheme.” Freakonomics can described as the power of incentives and how one acts upon them. Similar to the definition of freakonomics, economics is the study of human behavior as it betrays itself in a murky cloud of incentives.…

    • 1327 Words
    • 6 Pages
    Improved Essays
  • Great Essays

    Analysis Of Freakonomics

    • 1300 Words
    • 6 Pages

    The purpose of the introduction is to introduce you to the idea of Freakonomics and how this method of thinking is relative to many instances of the modern world. How many statistics or instances can be explained from a rooted event. Using examples such as elections, house sales, and crime. This kind of thinking can also be brought to the sale of things like tissues, things so simplistic in life that could be favored for their containers vs. actual quality. Or something such as the sale of cars, how far do you go from a modern car’s exterior design to look “new” but at the same time look appealing to a buyer (going to far or not enough).…

    • 1300 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    We live in a society that follows the traits that are often old enough for the current situation and we have the kind of nature by which we try to follow what the majority of the population does. Sometime it is the pressure from the mass which lets us to oppose our own judgement of a certain case that we have different perception about. It may not matter what society we live in, as we humans always tend to have similar way of thinking in all aspects of life. In “The Lottery” by Chris Abani, he describes his incapability to refrain from the decision made by the crowd and not by the way he judged the situation.…

    • 857 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    In the article, “The Mystery of Motivation,” the author Gary Drevitch, speaks of poorly thought out incentives to motivate good people in forms of cash and social rewards to do their best, but the ending result may actually cause them to be at their worst. Throughout the article, Drevitch gives examples of incentives that have backfired on: companies, schools, banks, fundraisers, hospitals, and even cash incentives or allowances at home. Although, the author gives several example of poorly thought out incentives, he does mention an incentive program that was economically successful. The first example of as bad incentive program that Drevitch speaks of is the Wells Fargo bank and credit card scam that happened in 2011.…

    • 743 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    However, the pressure to succeed in a classroom setting has become so intense that some students have begun cheating for a variety of reasons. Although I have never cheated myself, I can honestly see the appeal in taking shortcuts when deadlines pile up with no end in sight. Critics of those who cheat can easily point at a cheating student and discuss how poor of a student they are, but the critics never stop to consider the amount of pressure a student truly is under. Cheating has always been considered a terrible act that shows poor character, however, what acts are considered cheating and are not are often fuzzy to students.…

    • 938 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Economics Vs Society

    • 2478 Words
    • 10 Pages

    Economics is the study of how a society distributes its resources. As indicated by the fact that it is still studied, it is not yet a solved field. Were there an answer, regardless of the complexity of that answer, no one would study it aside from those who needed the details to keep this perfect system running. One of the major roadblocks to solving the problem of the distribution of resources is the efficiency versus equality trade-off.…

    • 2478 Words
    • 10 Pages
    Superior Essays
  • Great Essays

    People are reasonable and calculate the best possible means to be competitive in rewarding…

    • 1074 Words
    • 5 Pages
    Great Essays
  • Superior Essays

    Agreement, as much as is possible within such a broad subject, regarding the definition of the study of economics could be summed up as “the study of the use of limited resources to fulfill unlimited wants.” Of course, this definition comes attached to a myriad of assumptions and ideologies; furthermore, it can lead those in the profession who are more inclined to consider the complicated nature of human social relations dissatisfied with such a sterile and simplistic outlook. James Angresano attempts to establish an alternative definition, and by proxy a different methodology, in their text Comparative Economics. Angresano (1996, 13) lays out his criticism of the orthodox perspective plainly by stating that this sort of a definition creates…

    • 1215 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Scarcity Essay

    • 956 Words
    • 4 Pages

    Scarcity is the inability to satisfy all wants of the people due to a lack of resources. Scarcity happens when people wants exceeds their needs for a product, this leads to something becoming scarce due to not having enough input. One of the main reasons for something becoming scarce is the fact that people have wants and needs that exceeds. Scarcity, to a large extent can be a condition where a society does not have enough resources to produce all the goods and services necessary to satisfy all people wants. There is no real solution to the problem of scarcity.…

    • 956 Words
    • 4 Pages
    Improved Essays