Freakonomics

In the book Freakonomics the authors, Stephen Levitt and Stephen Dubner, takes a novel approach to studying economics, sharing its most interesting research. First they begin with the topic of correlation and causation. According to them correlation means, “A relationship exists between two factors—let’s call them X and Y—but it tells you nothing about the direction of that relationship. It’s possible that X causes Y; it’s also possible that Y causes X; and it may be that X and Y are both being…

M., Teger, A. I., & Lewis, L. D. (1973). Do groups always inhibit individuals ' responses to potential emergencies? Journal of Personality and Social Psychology, 26(3), 395-399. Retrieved October 28, 2016. Freakonomics, (2012). [podcast] Riding the Herd Mentality. Available at: http://freakonomics.com/2012/06/20/riding-the-herd-mentality-full-transcript/ [Accessed 28 Oct. 2016]. Levine, M., & Cassidy, C. (2009). Groups, Identities, and Bystander Behavior How…

marveled at by people across the globe. Some of his words, however, were just as brilliant as his art. Van Gogh once said, “Great things are done by a series of small things brought together”. This summer, A Connecticut Yankee in King Arthur’s Court, Freakonomics and Dead Poets’ Society helped me to grow as a reader, writer and thinker by encouraging me that, while greatness takes time a preparation through small milestone, it is worth the effort. Summer reading is an important activity because…

Dr. Larsen Principles of Economics 12 November 2017 Boredom and its Consequences The Freakonomics podcast, “Am I Boring?,” discusses an important topic that not only affects individuals but also affects companies and the economy as a whole. Boredom, is a relatively new topic and there is not wealth of information on the subject. It was not until the time around the First World War that boredom was starting to be studied (Dubner, 2015). It all started when people in Britain began studying the…

connect to pieces written in 1988, 1995, and 2009, by various different authors writing about what means the most to them. The first aspect of Faulkner’s writing standards - optimism in a dire living situation - is a gauge best to be used against Freakonomics, a book authored by economists Steven D. Levitt and Stephen J. Dubner. Tackling a wide variety subjects, Levitt & Dubner proclaim that they apply their principles of observing economical trends to social trends, and try to hypothesize what…

In the 2000s, abortion became acceptable and normal to talk about and Freakonomics, Market Populism and the Abortion-and-Crime Theory was published in 2005 by economist Steven Levitt from University of Chicago and Stanford law professor John Donohue III about the abortion and-crime theory. The book does not refute or accept the theory, merely explaining it in a fact-based manner. Essentially, the theory states that the effects of legalizing abortion reduces crime. There is an inverse correlation…

Having taken a managerial role in a team in the Cranfield Business Challenge, I've been able to take responsibility for key business decisions and apply my academic theory to real business simulations. I was particularly enthusiastic in applying Porter's Five Forces specifically to assess our market position, examining aspects such as buyer power and what impacts this would have. I have also been able to utilise business strategies, manage cash flow and interpret balance sheets to achieve…

black name like DeShawn is limited to resources by a low-income, low-education, single-parent background; whereas, a pragmatic white name like Jake tends to correlate with positive perceptions of higher socioeconomic and educational attainment. (Freakonomics, 191) To a certain point, regarding the stratification system, names are an indicator of social and economic disparities. Now let’s say we live in a perfect society, where ethnicity didn’t exist, and names didn’t suggest anything else but…

long hours and better than above average to succeed or move ahead. When the worker can prove they are the best worker they have a change to move up a level. Crack cocaine dealing is the example that Levitt and Dubner came up with in their book, Freakonomics. Dealing crack cocaine is a “winner take all” or tournament labor business where there are many street salesman who…

The Department of Education did a huge study in the 1990’s of the academic progress of over twenty thousand children from kindergarten to fifth grade. This study was called ECLS, and it measured the academic progress of children from across the country to make sure they had a good variation of American school children. The study interviewed parents, teachers, and school administrators as well. The study used a trick called regression analysis in that it could correlate elusive statistics. The…