Monday, May 2, 2011

Freakonomics: Introduction - The Hidden Side of Everything

The basic theme of the introduction of Freakanomics is that the answer to a problem may not be the same "cookie-cutter" solution that we expect of all problems. In the book he gives examples of this in:

Crime
  • Crime dropped significantly from one generation to the other
  • Abortion also increased
  • The unlikely solution of the crime rate going down could be there were less people to commit the crimes.
Relators/Commission
  • You hire a realtor because they are the best at what they do.
  • However, they also want to make a profit for themselves so the price increase could be less of the value of your home and more of the skills of the realtor getting as much money as possible for both you and them.


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