Freakonomics Book Report

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Freakonomics is a best-selling book written by Steven D. Levitt and Stephen J. Dubner, and is made up of a series of essays in which economists and journalists apply basic principles of economics to demonstrate that information can often expose interesting truths about how the world operates. It uses the science of economics and specific data to challenge our assumptions about everything. Freakonomics reveals how incentives, motivations and risks play a major role in every day happenings in our society. Morality represents the way in which people would like the world to work- whereas Economics represents how it actually does work. One of the main fundamentals in this book is that “Incentives are the cornerstone of modern life”, and that the study of economics is the study of incentives: how people get what they want, or need, especially when other people want or need the same thing. The author describes a research study in which a number of Chicago public school teachers purposely helped their students cheat on standardized tests. The Federal Government mandated high-stakes testing as part of the No Child Left Behind law, signed by President Bush in 2002. Schools can be held responsible for non-passing students, so they offer incentives to teachers to do an above average job at teaching students in preparation for the testing. All students must pass the teachers class in order for them to receive their incentives, so teachers are doing whatever it takes to allow their students to pass, even if it means cheating for their students. Research was conducted on the tests, and suspicious groups of correct answers were found. A retest was administered to the students to determine whether or not they really knew the answers, and the teachers who were found to be cheaters were terminated. Another research study was on the scores of top Sumo

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