Wednesday, July 31, 2013

Freakonomics: a Rogue Economist Explores the Hidden Side of Everything by Steven D. Levitt and Stephen J. Dubner 315 pages published 2005

Freakonomics: a Rogue Economist Explores the Hidden Side of Everything by
Steven D. Levitt and Stephen J. Dubner 315 pages published 2005
What happens when an economist and an inquisitive journalist ask questions like:
1) Why do drug dealers still live with their moms?
2) How much do parents really matter?

By applying all pertinent data (not just the data that supports your position) and mathematical rigor, a whole fresh set of answers arise.
These answers tend not to fall in line with what we have been lead to believe. But by reading the book we may reexamine what we think and why we think the way we do.

The writing was good. The examples and presentation made the rather involved concepts understandable. The story telling was entertaining. If it hadn't been entertaining you couldn't finish the book. I have already checked out the second book  Superfreakonomics.

answers: 1) Cheap product and multiple street level dealers drive profit margins way down.
              2) In general, who the parents are is more important than what parenting techniques are used.

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