Mathematical economics
Freakonomics
This movie has been adapted from a book written by Stephen Dubner and Steven Levitt. The entire movie has been divided into parts highlighting various phenomenon.
The movie begins with Dubner and Levitt stating an example of a real estate agent and his client. The agent will convince his client to accept an offer lesser than what is being demanded rather than wait for another week. This is because the commission that the agent gets on the extra money that the seller makes would be much lesser than what he could make utilizing the same time on another client’s house. This is to highlight that if one can identify a person’s incentive, then we can easily predict how they are going to behave.
The first segment “A ROSHANDA BY ANY OTHER NAME” directed by Morgan Spurlock explores whether a name of a child actually impacts the child’s future. Dr. Roland G Fryer says that it’s not the name but the environment that the child has been brought up in is what matters.
The second segment “PURE CORRUPTION” directed by Alex Gibney. This focuses on the seedy side of the age old tradition of Japan that is Sumo wrestling. One of the ideas of freakonomics is that higher the incentive, higher is the chance of the person cheating. In a 15 bout season, winning the 8 bout gives a colossal amount of monetary benefits. So, in a …show more content…
This revolves around the causes behind the decline in crime rates in New York and other cities when it was expected to rise. Dubner’s research breaks the conventional belief that the reasons for the decline are innovative policing techniques, harsher sentencing, gun control, more police. The main source of decline was the decision of legalizing abortion. It was seen that babies of unwanted births have a higher chance of becoming criminals. Since unwanted births reduced, there was a decline in criminal
Freakonomics
This movie has been adapted from a book written by Stephen Dubner and Steven Levitt. The entire movie has been divided into parts highlighting various phenomenon.
The movie begins with Dubner and Levitt stating an example of a real estate agent and his client. The agent will convince his client to accept an offer lesser than what is being demanded rather than wait for another week. This is because the commission that the agent gets on the extra money that the seller makes would be much lesser than what he could make utilizing the same time on another client’s house. This is to highlight that if one can identify a person’s incentive, then we can easily predict how they are going to behave.
The first segment “A ROSHANDA BY ANY OTHER NAME” directed by Morgan Spurlock explores whether a name of a child actually impacts the child’s future. Dr. Roland G Fryer says that it’s not the name but the environment that the child has been brought up in is what matters.
The second segment “PURE CORRUPTION” directed by Alex Gibney. This focuses on the seedy side of the age old tradition of Japan that is Sumo wrestling. One of the ideas of freakonomics is that higher the incentive, higher is the chance of the person cheating. In a 15 bout season, winning the 8 bout gives a colossal amount of monetary benefits. So, in a …show more content…
This revolves around the causes behind the decline in crime rates in New York and other cities when it was expected to rise. Dubner’s research breaks the conventional belief that the reasons for the decline are innovative policing techniques, harsher sentencing, gun control, more police. The main source of decline was the decision of legalizing abortion. It was seen that babies of unwanted births have a higher chance of becoming criminals. Since unwanted births reduced, there was a decline in criminal