A rogue economist explores the hidden side of everything by steven levitt and stephen dubner is toyesexplore the hidden side of everything, and to dig below what is available at the surface. Freakonomics project gutenberg selfpublishing ebooks. It was published on april 12, 2005 by william morrow. The book, which shows the power of some simple economic propositions, has caught. Jan 02, 2016 freakonomics establishes this unconventional premise. The book has been described as melding pop culture with economics. Freakonomics isnt a history book by any means, but the following passages are necessary to stress the importance of secret information in the kkk, a concept that will be important to the studies the authors discuss later in the chapter. Levitt then spends the rest of the chapter disputing one particular point of conventional wisdom. Chapter 2 many of our decisions, both inside and outside the investment world, are often based on anecdotal information, anomalies, emotions, or existing opinions. Freakonomics presentation by elaina pevide on prezi. Despite this, though, it is often difficult to get people to doubt conventional wisdom.
It also inspired a followup book, superfreakonomics. The hidden side of everything in which the books central idea is set forth. In order to complete your assignment, one thing you must first understand is exactly how the steven d. In chapter 2 of freakonomics, the authors wrote of their visit to folklorist stetson kennedys florida home where the topic of kennedys investigations of the ku klux klan were discussed. The last section in chapter two of freakonomics, written by steven d. Kennedy spent years interviewing klan leaders and turned his material into the book the klan unmasked. This onepage guide includes a plot summary and brief analysis of freakonomics by steven levitt. Find summaries for every chapter, including a freakonomics chapter summary chart to help you understand the book. I also watched the movie and read its summary on blinkist. The overview is designed to alert you to the major topics and is not intended to serve, in any way, as a substitute for the material in the text.
In the chapter before, the authors referred to a day care in another country. Shortform has the worlds best summaries of books you should be reading. Superfreakonomics illustrates how applying an economic approach can help us change this. Levitt, is a book on modern economics that provides key insight into our society as well as clarifying the difference between causation and connectivity, and discussing situations were people have confused the two. Levitt begins by going into the history of the kkk, founded initially in the aftermath of the civil war by six men doing harmless midnight pranks, and later evolving into a multistate terrorist organization targeting emancipated slaves. Thesisexperts use their informational advantage to serve their own agenda purposeto educate people about how powerful information is. Freakonomics chapter 2 summary and analysis gradesaver. Once you have read and carefully studied this chapter you should be able to complete the following tasks which, taken together, answer this and related questions.
How is the ku klux klan like a group of realestate agents. A rogue economist explores the hidden side of everything. Freakonomics isnt a history book by any means, but the following passages are necessary to stress the importance of secret information in the kkk, a concept that. As we suggested near the beginning of this book, if morality represents an ideal world, then economics represents the actual world. Supersummary, a modern alternative to sparknotes and cliffsnotes, offers highquality study guides that feature detailed chapter summaries and analysis of major themes, characters, quotes, and essay topics. Jul 22, 2015 several documentary directors each film a segment representing one chapter of steven d. It was published on april 12, 2005, by william morrow. This book has the same lifechanging capability the paradox of choice does.
Information asymmetry unequal access to information as the world has become more specialized and complex, people have come to rely more and more on experts to guide them through major life decisions. Freakonomics establishes this unconventional premise. A summary of the book freakonomics by economist steven d. The new york timesbestselling freakonomics changed the way we see the world, exposing the hidden side of just about everything. Describe, in broad terms, how the ku klux klan came into existence and how its level of popularity varied over time. This is largely driven by fear of making a wrong decision that might result in financial ruin or even physical harm.
Stetson kennedy, a southerner with family members in the klan but not a member himself, wrote against bigotry and saw the klan as a terrorist danger against which the public was powerless. Freakonomics is one of the best books on human psychology ive ever read. In the eight years since its publication, the book has spawned a sequel and even a documentary. Crime in the 1990s was reduced because of legalised abortion. A vocabulary list featuring freakonomics by steven d.
How forthright and honest are people when it comes to sharing their personal information, and what kind of information in personal ads is considered the most and least desirable 74. Find a summary of this and each chapter of freakonomics. He is a muchheralded scholar who studies the riddles of everyday life, from cheating and crime to sports and childrearing, and whose conclusions turn the conventional wisdom on its head. Freakonomics by steven levitt epilogue summary and analysis. The introduction uses a few of the topics from the book to familiarize readers with the. I wont give the punchline there away as i would be letting go of the mystery but it isnt much of the chapter. The hidden side of everything in which the book s central idea is set forth. Mar 08, 2010 in freakonomics, levitt and dubner argue that economics is, at root, the study of incentives. Information asymmetry unequal access to information. In each chapter, the authors analyze a different social issue from an economic perspective. So much to learn about making good decisions in here. This purpose is stated clearly in the introduction, what this book is about is stripping a layer or two from the surface of modern life and seeing what is. The answer to this is they both have inside knowledge. It is true that readers of this book will be armed with enough riddles and stories to last a thousand cocktail parties.
The authors argue that humans usually make decisions based on the incentives for their actions. Another way of tracking growth in demand for labour, is looking at the total number of jobs. The second section of each chapter highlights key economic concepts that are addressed in the corresponding book chapter. As the world has become more specialized and complex, people have come to rely more and more on experts to guide them through major life decisions. Chapter 2 and other exceptional papers on every subject and topic college can throw at you.
Internet is the biggest way the public can get access to information. Print word pdf take our free freakonomics quiz below, with 25 multiple choice questions that help you test your. Global cooling, patriotic prostitutes, and why suicide bombers should buy life insurance is the second nonfiction book by university of chicago economist steven levitt and the new york times journalist stephen j. A rogue economist explores the hidden side of everything is the debut nonfiction book by university of chicago economist steven levitt and new york times journalist stephen j. In this book, an economist and a journalist team up to explore small truths that have a big impact on the way we live. Nov 11, 2009 chapter 2 is describes why terrorists should take out life insurance. This chapter is the closest yet to the original freakonomics. This study guide consists of approximately 71 pages of chapter summaries, quotes, character analysis, themes, and more everything you need to sharpen your knowledge of freakonomics. The most detailed book summary of freakonomics by steven d. Get the main points of freakonomics with shortform book summaries. What are the surprising, hidden, and even freakish forces that shape society. Thus the new field of study contained in this audiobook.
With their trademark blend of captivating storytelling and. Freakonomics chapter 3 summary and analysis gradesaver. Check out our revolutionary sidebyside summary and analysis. The main theme of chapter 2 answers the question how is the ku klux klan like a group of realestate agents. If morality represents how we would like the world to work, then economics represents how it actually does work. Their audience is not only people in our country who read it but any countries who decide to read this book. Freakonomics a rogue economist explores the hidden side of. Acu 1297 freakonomics rogue economist documentary youtube. It looks at various forensic investigations that let the data drive the outcomes. In chapter 2 of freakonomics, the authors wrote of their visit to folklorist stetson.
The most aggressively revised section of the book is the beginning of chapter 2, which tells the story of one mans crusade against the ku klux klan. A rogue economist explores the hidden side of everything is the debut. Chapter 2 how is the ku klux klan like a group of real estate agents. If youre at all interested in economics, data science, or even just popular books, its a good bet that youve heard of steven d. The authors argue that humans usually make decisions based on. Such was the case with a freakonomics chapter called would a roshanda by any other name smell as sweet.
By the 1920s the ku klux klan had eight million members and a great deal of secret information. The chapter begins with a quick history of the ku klux klan. I found this book interesting, frustrating, fascinating and infuriating mostly at the same time. Freakonomics is a 2005 nonfiction book by economist steven levitt and journalist stephen j. The first and longest chapter focuses on the role of incentives in human behavior. The new york times bestselling freakonomics changed the way we see the world, exposing the hidden side of just about everything. It begins by explaining the phrase conventional wisdom, which economist john kenneth galbraith describes as information that reinforces a persons own interests and wellbeing.
Most leaders dont even know the game they are in simon sinek at live2lead 2016. Chapter 4 of freakonomics discusses various theories proposed in hindsight and levered finds that some had met it, but most did not. His surprising answer and the most controversial of his research results discussed in the book is that crime rates fell as a result of the 1973 supreme court decision which legalized abortion. This chapter asks the question, why do drug dealers still live with their moms. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Chapter 2 why should suicide bombers buy life insurance. Substantial increase in demand for labour reflects economic growth and population growth over the period. The next part of the chapter goes indepth on the realestateagent problem discussed in the books introduction. The next chapter aims to answer the question, how is the ku klux klan like a group of real estate agents. Chapter 2 is describes why terrorists should take out life insurance. Freakonomics by steven levitt plot summary litcharts. The final chapter in our forthcoming book, superfreakonomics, is about. Dubner contents an explanatory note in which the origins of this book are clarified. Discovering cheating as applied to teachers and sumo wrestlers see below chapter 2.
In addition, identify specific factors that caused the klans popularity to rise or fall. In chapter 2, the authors discuss the economic term known as information asymmetry. The duo that brought freakonomics with answers to why drug dealers live with their mothers and how the name that your parents gave you can determine which job you end up getting have now given us superfreakonomics. Dubner, released in early october 2009 in europe and on october 20, 2009 in the united states. Freakonomics chapter 2 how is the ku klux klan like a. Freakonomics the hidden side of everything freakonomics. Information control as applied to the ku klux klan and realestate agents. They mention the dating sites that are statistically even no matter what race or. Radio radio archive subscribe on the radio the team books freakonomics superfreakonomics think like a freak when to rob a bank lectures about extras tell me something i dont know question of the day footy for two freakonomics. This knowledge is something that they dont want the general public to know.
Freakonomics freakonomics a rogue economist explores the hidden side of everything steven d. Then came superfreakonomics, a documentary film, an awardwinning podcast, and more now, with think like a freak, steven d. Dubners 2005 new york times bestseller, freakonomics. Modes timeline of the klan through the use of vivid illustrations the author reveals to the reader that information is key and that secrecy of. Dubner, attempts to answer the following questions. Dubner have written their most revolutionary book yet. Freakonomics a rogue economist explores the hidden.
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