Wednesday, January 20, 2010

Freakanomics


The last time I finished a book "at-one-stretch" would be Potter's final adventures (although the first time had to do with finishing it before I chanced upon any spoilers, I read it again "at-one-stretch" months afterwards as well). In fact I had just mentioned last week to a friend that I have too many books "in progress", in parallel, which is very unlike how I used to be. So it does feel nice to note that I am done with "Freakanomics" in a single day. Of course, it did help that the book was small and interesting, but going along with the theme of the book, I should probably ponder a bit more on the "why" of it.

I may not get down to "Superfreakanomics" just yet, definitely not with the pile of books on my table. But I will most likely follow up in few months.  Some interesting notes I remember from the book.
- Incentives & cheating
- Roe vs Wade: Decrease in crime rate
- Hidden agendas of Real Estate Agents
- Spring 1987, IRS require SSN results in 7 million Dependants disappearing!
- Sumo Wrestlers & Chicago school teachers: Incentives to cheat
- Paul Feldman's Bagels
- Information asymmetry
- Using fear to advantage
- Lying to hide bias
- Klu Klux Klan and Real Estate agents
- Job Pay: # ppl willing to do the job, unpleasantness of job, specialization skills, demand for services
- Risks that scare vs. Risks that kill
- How "smart names" trickle down the "success pyramid"
- Being skeptical about conventional wisdom

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