Freakonomics: Steven D. Levitt And Dubner

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Class Project Freakonomics When we think about economics we tend perceive it as complicated graphics, economic models and intricate theories. But what we don’t realize is that economics are actually the study of things as they really are. Every one of us lives in a daily routine; we wake up, take a shower and go to school or work. What we do every day is our routine. What is reason behind it? What we do what we do? What motivates us? Many people would rather not think about this. Some people might not care about true behind everything that we consider as “normal”. There is a reason why the world is the way it is. It’s the riddle of everyday life that turns out to be more interesting. It is amazing to see Steven D. Levitt and Stephen J…show more content…
Another argument Levitt and Dubner explored are the “Experts”; from criminologists to real estate agents use their info advantage to serve their own agenda”. People might think they are buying the expertise and the experts’ best interest because they are giving them an economic incentive, but what most people don’t realize is that experts manage themselves as business. They try to get the job done fast so they can move on to the next customer, but if it is their own property they might put an extra effort because they can predict when the market is going to be good and they don’t have to rush so they can wait for the best offer. This wasn’t actually a big shock for me but is just another sample of how the real world…show more content…
What seems to be obvious might not be true at all. Conventional wisdom can be considered as convenient. Some people would rather believe what others tell them to believe because it might be safer to be politically correct. Some people don’t have to worry about figuring it out because it has already been figured out for them. The major problem with conventional wisdom is that is difficult to prove otherwise because it is already fixed in people’s
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