Sunday, February 26, 2017

TOW #20 - Freakonomics (IRB 3.1)

This week, I started the highly recommended Freakonomics, and I’m really enjoying it. Throughout the first part, the authors, Steven D. Levitt and Stephen J. Dubner, introduce several social trends and spend time proving the causes for them. For example, although criminologists predicted increased crime rates over the past few decades, rates have actually decreased – Levitt and Dubner explore the reason for this. Ultimately, the authors use exemplification more immediately to correct false interpretation over certain trends, but on an extended level to show that not everything is what it seems.

An example I found particularly interesting was the story about crime rates. When crime rates decreased, the incorrect criminologists tried explaining why they were wrong, but even these explanations were incorrect. The authors attribute the actual cause of the decrease in crime rates to a court case Roe v. Wade ­­- an event which prevented the births of the group of children who would be committing crimes 20 years later. It is a bit of a difficult process to comprehend, but basically, “It’s possible that X causes Y; it’s also possible that Y causes X; and it may be that X and Y are both being caused by some other factor Z” (8). In statistics, this is known as confounding. In their exemplification – that is, the explanation of Roe v. Wade – the authors are able to connect a seemingly unrelated event to the trend. They could make all the claims that they want, and attribute the trend to anything – but their presentation of the Roe v. Wade­ case is quite convincing and offers a unique perspective on the situation.


I am looking forward to reading on in Freakonomics. The authors take a very untraditional stance on economics, and treat it as “the study of incentives” (16) and an analysis of actual events versus expected events. So far, the authors have gotten me interested in economics, because they’ve presented it in a way that does not take the expected, boring lecture route.

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