Tuesday, July 27, 2010

Freakonomics Rev Ed CD: A Rogue Economist Explores the Hidden Side of Everything This instant


Freakonomics is a good story based on facts about our society and different events that have strong correlations towards one another. This book covers plenty of events that coincide with one another revolving around issues and like how they were resolved or the outcomes of actions that were taking place in our society over a due period of time. The main topics and situations that were portrayed in the book were over such as incentives affect human behavior, but sometimes incentives will cause unpredicted behavior. People use their information to gain advantages over others, a term called information asymmetry. The book also talks about conventional wisdom or things that people believe because they are a simple, convenient explanation but not always true. It covers the drop in crime rate around the 1990s wasn't caused by what most media suggested. The causes with the most effect were increased reliance on prisons, increased number of police, the bursting of the crack bubble, but surprisingly most of all, abortion.The book states that nothing parents do affects how successful their children are. The success is already predetermined by the background or who the parents are. The names parents give children do not make them more smart or successful; however, they do reflect the education or economic situation of their parents and homes. I really liked this book, its a good read, with it's overwhelming correlations made buy the authors and how well they included evidence to come to such a conclusion. It was amazing how well they were able to do this and even write this when everyone and other professionals who study society couldn't ever draw conclusions towards such details.Get more detail about Freakonomics Rev Ed CD: A Rogue Economist Explores the Hidden Side of Everything.

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