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Freakonomics challenged my assumptions about what's right. It taught me to look out for the difference between mere correlation and actual causation. Just because an idea's crazy doesn't mean it can't work.
Freakonomics challenged my assumptions about what's right. It taught me to look out for the difference between mere correlation and actual causation. Just because an idea's crazy doesn't mean it can't work.
Freakonomics challenged my assumptions about what's right. It taught me to look out for the difference between mere correlation and actual causation. Just because an idea's crazy doesn't mean it can't work.
Freakonomics The thing about freakonomics is that it challenged my assumptions about what's
right. A simple illustration of that can be demonstrated in the chapter on
reduction of crime. It discussed how the simple act of legalisation of abortion helped reduce US crime rates far more effectively than any of the gun control laws and increase in policemen ever did. Through reasoned explanation and statistical analysis of data, it conclusively proved a claim that seemed fairly farfetched at the onset of it. It demonstrated psychological characteristics that influence economic transactions and behaviour in very memorable ways. The sunk-cost effect, the idea of potential rewards, social behaviour and stereotypes and their influence on our daily lives. It taught me to look out for the difference between mere correlation and actual causation. It not only helped increase my interest in economics as a subject but also my general outlook at the way that events unfold around me and how they may be linked. By improving my understanding of correlation and causation Freakonomics also helped make me a better debater, as I noticed argumentation flaws much more easily, both in my own and in others arguments. As a person, I believe its taught me not to judge anything by how weird or farfetched it may appear, but to give things and people a chance and hear them out. Just because an ideas crazy doesnt mean it cant work. I like to believe that Ive become more open-minded in my perspectives, rather than having unwavering beliefs set in stone.