Essay Freakonomics chapter 1 summary - 688 Words

Freakonomics Chapter 1 Summary In chapter one of Freakonomics, Stephen Dubner and Steven Levitt describe how when incentives are strong enough, many usually honest people from different walks of life will cheat in order to gain financially or climb the ladder in their careers. The authors define an incentive as â€Å"a means of urging people to do more of a good thing or less of a bad thing.† This chapter covers three varieties of incentives: Economic, Social and Moral. Economic incentives motivate people with the promise of money or goods. Social incentives motivate people to respond in a certain way because they care about how they will be viewed by others. Moral incentives motivate people on the basis of right and wrong. We look at four†¦show more content†¦The next case study was on Sumo Wrestling matches in Japan. Sumo wrestling is huge in Japan and the ranking is everything to the sumo wrestlers. Highest ranked wrestlers are treated like royalty while those who don’t rank as high must tend to their superiors and do jobs that are less than desirable. The results of the data in this chapter shows that a wrestler very well might throw a match to help his opponent maintain his current ranking, when throwing the match does not hurt or help his current ranking. There was economic and social incentive for them to cheat. A wrestler would help another out with the promise of being helped out when they needed it. It was proven that the majority of sumo wrestlers do cheat at one point or another. The last study was data collected by an entrepreneur named Paul Feldman who decided to start a bagel business in the Washington D.C. area. He would drop off bagels to different offices and leave a basket for the employees to drop in the money for the bagel, a sort of honor system. He kept track of the payments and started an accidental study on honesty. The data showed that smaller offices are more honest than larger ones. Also, someone’s mood could affect if they would pay or not. After reviewing his findings, Feldman believed that morale was a key factor in whether the employees were being honest. Evidently people are not above cheating, evenShow MoreRelatedThesis Of Freakonomics1352 Words   |  6 Pages AP Macroeconomics Summer Homework Seohee Lee Period 5 I) Introduction Book Title: Freakonomics Author name: Steven D. Levitt, Stephen J. Dubner The author Steven Levitt studied economics at Harvard University and MIT. He is primarily known for his work in the field of crime. The title Freakonomics means a study of economics based on the principles of incentives. The title is related to the book since he emphasizes how incentives drive and affect people’s actions. Although this book does not haveRead MoreApplication of Freakonomics to Project Management1806 Words   |  8 PagesA Book Review of Freakonomics and Application to Project Management November 2010 Project Management Summary The idea to write Freakonomics began in 2003 when journalist and award winning author Stephen Dubner wrote a profile of economist Steven Levitt for the New York Times Magazine. At the time, Levitt, an Economics professor at the University of Chicago, was focusing his research efforts on answering unique and sometimes controversial questions concerning topics such as crime,Read MoreThe Book That Caught My Eye Was Freakonomics : A Rogue Economist1967 Words   |  8 PagesThe book that caught my eye was Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Steven Lewitt and Stephen J. Dubner. I chose this book because after looking through multiple books, I decided this one was the most interesting. I read the back of the book and was intrigued by Steven Lewitt and how he studies riddles of everyday life. I am going to assess the 6 chapters and give an overall summary and my evaluations of the novel. Freakonomics has three main concepts relatingRead More1. Introduction Altruism is unselfish regard for or devotion to the welfare of others; behaviour by1700 Words   |  7 Pages1. Introduction Altruism is unselfish regard for or devotion to the welfare of others; behaviour by an animal that is not beneficial to or may be harmful to itself but that benefits others of its species. (Merriam-Webster Online Dictionary, n.d.) We often may feel like we are doing something to benefit others, but consider Darwinian evolution, which is the theory according to which species evolve by natural selection - the basic mechanism of evolution whereby those individuals in a population thatRead MorePrinciples of Microeconomics Fifth Canadian Edition20085 Words   |  81 PagesA G U I D E D T O U R PART ONE: INTRODUCTION Chapter 1 Chapter 2 Chapter 3 Ten Principles of Economics Thinking Like an Economist Interdependence and the Gains from Trade The study of economics is guided by a few big ideas. Economists view the world as both scientists and policymakers. The theory of comparative advantage explains how people benefit from economic interdependence. PART TWO: SUPPLY AND DEMAND I: HOW MARKETS WORK Chapter 4 The Market Forces of Supply and Demand ElasticityRead MoreA Concise Guide to Market Research Using Spss71933 Words   |  288 Pagescommunicating the results, including a discussion on ethics. Each chapter on quantitative methods describes key theoretical choices and how these are executed in IBM SPSS Statistics. Unlike most other books, we do not discuss theory or SPSS, but link the two. This is a book for non-technical readers! All chapters are written in an accessible and comprehensive way so that non-technical readers can also easily grasp the data analysis methods. Each chapter on research methods includes simple examples to help the

Symbolism that Represents the Theme of Corruption in...

Symbolism in MacBeth Symbolism plays an important role to emphasize the theme of corruption of power in William Shakespeares Macbeth. Throughout the play there are several main symbols repeatedly used to emphasize this theme. The contrast of light and dark representing good and evil, blood representing guilt, murder, and pain, and the archetypal pattern of purification by using water represents removal of guilt, cleansing and peace. Symbolism is used repeatedly to emphasize the theme of corruption of power. Blood is an important image and plays out through Macbeth. The murders that Macbeth had committed are represented by the blood, the guilt that went along with the murders and the pain that it brought on him during his downfall.†¦show more content†¦In Macbeth, light represents the good while the darkness symbolized the evil within the play. This foreshadows the death of King Duncan. Throughout the play, there is continuous contrast of light and dark imagery. Ross says, And yet dark night strangles the traveling lamp. (pg. 37) This shows how evil will overcome Macbeths moral conscience and this foreshadows Macbeths transformation from a good captain to an evil, ambitious leader. Throughout the play, the events of corruption and unusualness occur at night. The murder of King Duncan, Banquo, Lady Macbeths sleepwalking, and the witches, all take place at night. Stars, hide your fires, Let not light see my black and deep desires. (pg. 13) demonstrates Macbeths step toward evil as he talks about the murder of King Duncan. During Lady Macbeths scene in which she is sleepwalking, there is epitome of the light and darkness symbol contrast. She has her light by her continually, Otis her command. (pg. 84), symbolizes the fear Lady Macbeth now has for the darkness and evil. She had once desired the darkness but she now carries the candle, light, to drive out the darkness. During the murders, there was a dark setting used which involved supernatural events, while the light setting was used for last battle, when Macbeth was slain at the end to show the restoration of peace and honesty. Thus the symbolism of light and darkness representing good and evil in the play emphasizes the themeShow MoreRelatedThrone Of Blood, By Akira Kurasawa1205 Words   |  5 PagesThrone of Blood, is often viewed as an interpretation of William Shakespeare’s play, Macbeth. Both works follow a similar story line and address themes that are relevant to a modern audience. One major t heme in both works is the idea that absolute power corrupts mankind. William Shakespeare and Akira Kurasawa both address this theme of power corruption through the use of symbolism and emotion. While Throne of Blood is based off of Macbeth, it is portrayed very differently than the original text. TheRead More Symbolism In Macbeth1097 Words   |  5 PagesIn William Shakespeares Macbeth, symbolism plays a prominent role to emphasize the theme of corruption of power. Throughout the play there are several main symbols repeatedly used to emphasize this theme. The contrast of light and dark representing good and evil, blood representing guilt, murder, and pain, and the archetypal pattern of purification by using water represents removal of guilt, cleansing and peace. Symbolism is used repeatedly to emphasize the theme of corruption of power. The

Introduction of the Working Process of Sand Production Line Free Essays

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