Ebook Download Freakonomics, by Stephen J. Dubner
Now, reading this incredible Freakonomics, By Stephen J. Dubner will certainly be much easier unless you get download the soft documents below. Simply right here! By clicking the connect to download Freakonomics, By Stephen J. Dubner, you can start to get guide for your own. Be the very first proprietor of this soft file book Freakonomics, By Stephen J. Dubner Make difference for the others as well as get the very first to advance for Freakonomics, By Stephen J. Dubner Here and now!
Freakonomics, by Stephen J. Dubner
Ebook Download Freakonomics, by Stephen J. Dubner
Checking out a book Freakonomics, By Stephen J. Dubner is sort of very easy task to do whenever you want. Even reading every time you really want, this task will certainly not disrupt your other activities; many individuals frequently review guides Freakonomics, By Stephen J. Dubner when they are having the downtime. Just what regarding you? Exactly what do you do when having the extra time? Do not you invest for useless things? This is why you should get guide Freakonomics, By Stephen J. Dubner and aim to have reading behavior. Reading this book Freakonomics, By Stephen J. Dubner will not make you ineffective. It will provide more advantages.
When some individuals considering you while reading Freakonomics, By Stephen J. Dubner, you may really feel so pleased. However, as opposed to other people feels you have to instil in on your own that you are reading Freakonomics, By Stephen J. Dubner not because of that factors. Reading this Freakonomics, By Stephen J. Dubner will give you more than individuals admire. It will guide to know greater than individuals staring at you. Already, there are lots of sources to knowing, checking out a publication Freakonomics, By Stephen J. Dubner still becomes the front runner as a terrific means.
Why must be reading Freakonomics, By Stephen J. Dubner Again, it will certainly depend on how you feel as well as consider it. It is certainly that people of the benefit to take when reading this Freakonomics, By Stephen J. Dubner; you could take much more lessons straight. Even you have not undertaken it in your life; you could obtain the encounter by reviewing Freakonomics, By Stephen J. Dubner And currently, we will present you with the on-line publication Freakonomics, By Stephen J. Dubner in this site.
What type of publication Freakonomics, By Stephen J. Dubner you will prefer to? Currently, you will certainly not take the printed book. It is your time to obtain soft data publication Freakonomics, By Stephen J. Dubner rather the printed files. You could appreciate this soft documents Freakonomics, By Stephen J. Dubner in whenever you expect. Even it remains in expected area as the various other do, you could check out guide Freakonomics, By Stephen J. Dubner in your device. Or if you really want more, you could keep reading your computer system or laptop to obtain full screen leading. Juts find it here by downloading and install the soft file Freakonomics, By Stephen J. Dubner in web link web page.
Publisher Marketing: Which is more dangerous: a gun or a swimming pool?What do schoolteachers and sumo wrestlers have in common?How much do parents really matter? These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He studies the riddles of everyday life from cheating and crime to parenting and sports and reaches conclusions that turn conventional wisdom on its head. Freakonomics is a groundbreaking collaboration between Levitt and Stephen J. Dubner, an award winning author and journalist. They set out to explore the inner workings of a crack gang, the truth about real estate agents, the secrets of the Ku Klux Klan, and much more. Through forceful storytelling and wry insight, they show that economics is, at root, the study of incentives how people get what they want or need, especially when other people want or need the same thing."
- Sales Rank: #4422575 in Books
- Published on: 2007
- Original language: German
- Dimensions: 5.87" h x .31" w x 5.04" l,
- Binding: Audio CD
Most helpful customer reviews
94 of 104 people found the following review helpful.
Read elsewhere if you want to think like an economist.
By David Zetland
I’ve heard of this book for years, but never bothered to read it because I was already an economist and didn’t think I needed to read a popular summary of Steven Levitt’s work.[1] My impression was that the book summarized his work in a popular (non-academic) style that helped people understand what economists do. I though that the book was useful in this respect in helping people understand what I do. Indeed, the most common reaction I get from people when telling them that I am an economist is that they have read Freakonomics, which implies that they have at least seen some work similar to what I do at aguanomics.[2]
It turns out that I was mistaken in my initial beliefs.
I just read this 2004 book 2006 revision, and it's made me think a bit more about how we (economists) communicate with the general public, and I think that some ways are better than others. First, there are textbooks, which describe the tools that economists use to put their theories into practice. Many many people have told me “I didn’t learn anything in economics. All I remember was a lot of math and curves.” This depressing outcome results from lecturers who merely reproduce problems and equations on the blackboard, without helping students understand either why those theories are used or how they came to be so popular with economists.[3] Second, there are books that explain how economists think or how their thinking has evolved as they have tried to understand and summarize the people’s behaviour. These books, in my opinion, are the most interesting — and challenging — because they push people to revisit their assumptions and perspectives.[4] These are the books that I would recommend to people looking to “think like an economist” or, to be blunt, to think more accurately about how they and those around them actually behave. Third, there are books like mine [pdf] that try to explain how to improve failing policies using basic economic insights and incentives. Finally, there are books like Freakonomics that reproduce academic papers in a popular form. These books — like Economic Gangsters — give the public a limited vision of research without explaining the struggles of getting the right data or explaining the limitations of theories that are used (or not) in the final paper.
Freakonomics is therefore NOT the book that I would recommend to anyone interested in (a) learning economic theory, (b) learning about how economists think, or (c) understanding the world or thinking of ways to improve it.
This book with a memorable (but useless) name provides readers with just-so stories that are good for cocktail conversations but not for understanding economics.[5]
For example,
Legalized abortion explains the drop in crime in the US. Not only do Steve and Steve back off from the main claims of the original paper (they add other factors), but this theory has been falsified by others (see this and this). What struck me is their ongoing attempts to hold onto at least some elements in the original claim in later blog posts in what I’d call a “my-ladydoth-protest-too-much” manner.
Real estate agents serve themselves better than they serve clients when selling their own homes. As a former real estate agent, I had to agree with their basic premise, but I thought their explanation too simplistic.[6] The most obvious problem is that agents have an entirely different understanding of themselves as sellers as well as of the markets. Surely that different information (and the resulting “patience” that gets them a higher price as sellers) matters?
Looking over their other chapters (on cheating sumo wrestlers, drug dealers who live with their moms, the KKK as a multilevel marketing organization, etc.), I agree that the chapters are interesting and thought provoking, but they do not provide “lessons on the hidden side of everything.” Instead, they read like a series of magazine articles whose quirky “insights” might contribute to your next cocktail conversation.
The authors say that they want you to ask more questions and see the world differently, but what tools have they given to you in this book?[7] I didn’t detect any reliable technique (except perhaps to collect a neat dataset and call Steve Levitt), and that’s where I was disappointed. Freakonomics does not really reveal the hidden side of everything. Indeed, it’s more likely to mislead you into thinking you’ve learned something, when you’ve only learned an interesting angle on a complex topic on which you may lack either the experience or methods needed to put it into a useful context.[8]
Take their example of the “underpaid” drug dealer who they say faces a higher risk of death than someone on Death Row in Texas (and thus must be overestimating the gains from their job). Does this statistical analysis mean that those street dealers are irrational? I don’t think so. As all economics students learn, you need to look at their opportunity cost (i.e., the costs and benefits of their potential other choices). In this case, street dealers are (a) NOT condemned to death, (b) not able to find other work with their experience, and (c) not aware of their statistical mortality as much as their potential wealth. Those street runners are “taking their chances” in the same way as Americans are “living the dream,” i.e., in ignorance of reality.[9]
Bottom Line: I give this book THREE STARS. Dubner and Levitt present interesting puzzles worthy of cocktail conversation, but they overstate their contributions and accuracy (“numbers don’t lie” but theory can be incomplete or just wrong). I suggest that anyone interested in understanding how economics works and applying those lessons to “the hidden side of everything” read Economics in One Lesson by Henry Hazlitt. It’s free to download and provides a really useful perspective that anyone can apply to any topic they care about.[10]
(1) I’ve met Steven Levitt. He's a fine person and excellent economist, but this book is too “pop” in its oversimplification of his work and hagiographic treatment of his insights. Yes, he brings interesting statistical tools to“freaky” questions, but he’s not a “rogue economist exploring the hidden side of everything.” He’s just a guy with a dataset and empirical theory who finds some strong correlations. As I explain later on, he does not deliver the last word on pretty much any topic in this book. (It's interesting to see the two authors pooh-poohing people's objections to their claims in this revised edition. I get the impression that their answer is "bestseller, bitch!" more than "hmmm..., maybe we claimed too much.") Also see note 8.
(2) I wrote on the human right to water and oil and water for their Freakonomics blog.
(3) I published an article [pdf] on how students don’t really understand the “downward sloping demand curve” because its form is based on advanced techniques they won’t see for a few more classes (meaning "never" for those who take one class or drop the major).
(4) Of those I have reviewed, I recommend Small is Beautiful, the Calculus of Consent, the Company of Strangers, Predictably Irrational, etc.
(5) "Freaky" anything sounds bad to me, and "freaky" economics -- unlike most economics -- isn't useful to most people. Even worse, there's nothing freaky to the stories in terms of the economics. I wish the authors had spent more time on the basic economics (making the book a useful learning experience) and less time defending empirical research that is interesting and provocative but not really wise.
(6) I corresponded with Levitt’s co-author on my objections to their working paper back in 2005. The main one was that their analysis missed the most important point: it’s better to have an agent than not to have an agent — an obvious insight that saved me about €10,000 when I bought a flat in Amsterdam. Going further, would an agent work harder for you if their commission was a flat rate rather than a percentage of the sales price? They harp about commissions as detrimental to the client’s interest due to the small share of the additional profits an agent gains from working harder on your behalf — e.g., 3% of another $10,000 is only $300, but why would an agent work any harder on a flat-rate commission? In my experience, agents love on referrals from old clients, which may explain why they work hard "despite the weak incentives."
(7) My definition of an expert is “someone who knows what’s missing.” As an example of this, I give a fourth reason why it’s NOT irrational to vote (they give three weak reasons in the blog post included in their revised edition), i.e., the benefits to an individual from study and engagement in a topic.
(8) My years of experience traveling in 100+ countries leads me to respect the diversity of beliefs and institutions that result in a variety of outcomes. Most academics need to exit the Ivory Tower and hit the road more often.
(9) On page 134, they write “The typical parenting expert, like experts in other fields, is prone to sound exceedingly sure of himself. An expert doesn’t so much argue the various sides of an issue as plant his flag firmly on one side. That’s because an expert whose argument reeks of restraint or nuance often doesn’t get much attention.” They need to apply the same critique to themselves. (They cite themselves in later chapters — p139 on abortion and crime — as if their earlier claims were facts.) As another example, take Dubner on page 199, who writes “that paper [on police officer counts and crime] was later disputed… a gradate student found an obvious mathematical mistake in it — but Levitt’s ingenuity was obvious.” I’m not sure I’d say the same about someone whose claims rested on logic with “obvious mathematical mistakes”!
(10) Hazlitt says "the art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups," which he summarizes as "...and then what?" That's a good question, and it's how I can easily predict that cheap water prices will lead to failing infrastructure or water shortages, why climate change is arriving "too fast" (due to a lack of carbon taxes), and so on. I'd prefer people to ask "and then what?" more often and spend less time showing off their knowledge of cheating sumo wrestlers.
2 of 2 people found the following review helpful.
Great entertaining read
By Kalan
Very interesting read about everyday statistics and how they explain our motivations. The writers challenge some predictions and show us, with numbers, that what we predict may sometimes be different from what happens in actuality and how people think. It's a good insight into what motivates us into doing or not doing things. It is very well written. I got the audiobook version and it was very entertaining. I even let my kids listen to some parts of it. It's one of those books where you can start at the beginning middle or end and enjoy it every time. I bought a few copies as gifts for my kids' history teacher, math teacher, and language teacher. Also, a gift for my uncle and for one of my friends. Recommended. I think it's better than the following books but they are also entertaining.
1 of 1 people found the following review helpful.
Quite Enjoyable
By wyldwoman
I've wanted to read this for quite a while and finally got around to it. As the title suggests, it's a discussion on freaky economics. I know those two words tend to not be used together in the same sentence, and that's what makes this book fun ( which is another word not usually used to describe economics.)
Creative and controversial, Levitt has the ability to take uninteresting statistical data and spin it in ways that can totally change the meaning usually assigned to it. It's, among other things, a lesson on the fact that data can be interpreted ( and manipulated ) in many different ways, some biased, some not as much. Personally, I think all data is unavoidably subject to the bias of the interpreter.
Generally, I don't expect books about economics to be particularly entertaining, but Levitt and Dubner have taken a rather dry subject and made it very readable and interesting. Will you agree with them? Very possibly not. There's discussion about very touchy topics (for example how Roe v. Wade has affected crime rates), but if you're open to alternative interpretations of data, at the very least you'll be entertained. Can't wait to read the followup books.
If I have one gripe about this book, it's that I wanted it to be longer.
Freakonomics, by Stephen J. Dubner PDF
Freakonomics, by Stephen J. Dubner EPub
Freakonomics, by Stephen J. Dubner Doc
Freakonomics, by Stephen J. Dubner iBooks
Freakonomics, by Stephen J. Dubner rtf
Freakonomics, by Stephen J. Dubner Mobipocket
Freakonomics, by Stephen J. Dubner Kindle
