Steven D. Levitt , Stephen J. Dubner



Assume nothing, question everything. This is the message at the heart of Freakonomics, Levitt and Dubner's rule-breaking, iconoclastic book about crack dealers, cheating teachers and bizarre baby names that turned everyone's view of the world upside-down and became an international multi-million-copy-selling phenomenon.

'Prepare to be dazzled' Malcolm Gladwell 'A sensation ... you'll be stimulated, provoked and entertained. Of how many books can that be said?' Sunday Telegraph 'Has you chuckling one minute and gasping in amazement the next' Wall Street Journal 'Dazzling ... a delight' Economist 'Made me laugh out loud' Scotland on Sunday

What will you learn from this book

  1. Incentives Matter: The authors emphasize the importance of understanding how incentives drive behavior. People respond to rewards and penalties in often unexpected ways.

  2. Unintended Consequences: Actions can have unexpected and unintended consequences. It's crucial to consider the broader impact of decisions and policies.

  3. Information Asymmetry: The concept of information asymmetry, where one party has more or better information than the other, plays a significant role in various situations, including markets and negotiations.

  4. Econometrics and Data Analysis: The book showcases the power of data analysis and econometrics in understanding complex issues and challenging assumptions.

  5. The Power of Names: Levitt and Dubner discuss the potential influence of a person's name on their life outcomes, highlighting the role of societal perceptions and stereotypes.

  6. Crime and Socioeconomic Factors: The book challenges conventional wisdom about the causes of crime, suggesting that socioeconomic factors and incentives can play a more significant role than traditional explanations.

  7. Real Estate Agent Incentives: The authors analyze the incentives of real estate agents and highlight how their interests may not always align with those of the clients.

  8. School Incentives and Cheating: Freakonomics explores the incentives in the education system, shedding light on the potential for cheating and manipulation to achieve better results.

  9. Sumo Wrestling and Incentives: Through the lens of sumo wrestling, the book illustrates how incentives can lead to cheating and collusion even in unexpected places.

  10. Economic Rationality of Drug Dealers: The book challenges stereotypes about drug dealers by applying economic principles, revealing that many involved in the drug trade operate with a surprising level of rationality.

Language English
ISBN-10 0141019018
ISBN-13 9780141019017
No of pages 320
Font Size Medium
Book Publisher Penguin Books
Published Date 06 Apr 2006

About Author

Author : Stephen J. Dubner

1 Books

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