FREAKONOMICS

STEVEN D. LEVITT
STEPHEN J. DUBNER

P R E S E N T E D BY
N I T H I N J O J I S A N KO O R I K KA L

CHAPTER 1
WHAT DO SCHOOL
TEACHERS AND SUMO
WRESTLERS HAVE IN
COMMON?
=

FINE FOR LATE PICKUPS

FINING PARENTS $3 FOR LATE PICKUPS
AS $3 WAS TOO SMALL AN AMOUNT THE NUMBER OF LATEPICKUPS WENTUP
THE FINE ABSOLVED THE MORAL GUILTY FOR SHOWING UP LATE

CHICAGO PUBLIC SCHOOL

INFLATED STUDENTS MARKS OR CHANGED ANSWERS AFTER THEY FINISHED
TEST
FOR INCENTIVES OR PROMOTION ,LIKELY TO BE YOUNGER AND LESS
QUALIFIED
ANSWER/LETTER PATTERN INDENTIFIES CHANGE IN ANSWERS AND
PREVIOUS MARKS SHOWED WHETHER MARKS WERE INFALTED
200 TEACHERS PER YEAR CHEATED,FOUND USING THE ABOVE ALGORITHM

SUMO WRESTLERS
ELITE TOURNAMENTS HELD 6 TIMES/YEAR,15 BOUTS/TOURNAMENT
IF(VICTORIES>=8) THEN BETTER RANKINGS ELSE RANKINGS FALL
8-6 RECORD WILL ALLOW 7-7 TO WIN FOR SOME INCENTIVES
7-7 WON 80% OF THE BOUTS WITH 8-6 WHILE 8-6 WON ONLY 40%

PAUL FELDMAN
SOCIAL EXPERIMENT,DROP BAGELS AT 100S OF OFFICES
HONOR SYSTEM VS COUNTER SYSTEM
NOTABLE CHANGE AFTER SEPTEMBER 11TH 2015
SMALL OFFICES HONEST THAN LARGER ONES
GOOD WEATHER PEOPLE PAID RATHER THAN IN BAD WEATHER
DURING HOLIDAYS PEOPLE PAYING WERE LESS LESS

CHAPTER 2
HOW IS THE KU KLUX KLAN
LIKE A GROUP OF REAL
ESTATE AGENTS?

KU KLUX KLAN
FOUNDED AFTER CIVIL WAR BY SIX MEN DOING
HARMLESS PRANKS BECAME MULTI STATE TERRORIST ORG.
THOUGH EXTINGUISHED RESTARTED BY 1920S
TARGETED MINORITY GROUPSCATHOLICS,JEWS,COMMUNISTS,IMMIGRANTS,EMANICIPATED SLAVES
STETSON KENNEDY-WRITER DEDICATED TO END BIGOTRY
UNDERCOVER OPERATION ENTERED THE KKK,BECAME KLAVELIERS-SECRET
POLICE(KKK)

 KENNEDY EXPOSED THE SECRETS TO A RADIO SHOW ADVENTURES OF

SUPERMAN-EVEN CHILDREN LISTENED
TOOL FOR MOCKERY,KKK MEMBERSHIP FELL DRASTICALLY
SIMILAR CASE FOR LIFE INSURANCE WEBSITES CREATED-COMPARISONCURRENCY OF INFORMATIONS

REAL ESTATE AGENTS

REAL ESTATE AGENT GAINS NOT MUCH EVEN IF
PROPERTY PRICE INCREASES-TIME TAKEN TO INCREASE
CONVINCES THE LOW OFFER IS WORTH TAKING EVEN
THOUGH IT MIGHT SELL FOR MORE NOW/FUTURE
INFORMATIONAL ADVANTAGE TO INDUCE FEAR
NEIGHBOURS HOUSE SOLD FOR LESS
SPECIFIC WORDS-WELL MAINTAINED(OLD),GRANITE,MAPLE,
STATE OF ART; FANTASTIC,CHARMING

TRIVIA SHOW- WEAKEST LINK

BLACKS AND WOMEN DISCRIMINATED NORMALLY BUT NOT IN THIS GAME
AFTER CIVIL RIGHTS MOVEMENT AND FEMINIST MOVEMENT DOESNT
SHOW THE DISCRIMINATION EVEN IF THEY TEND TO HAVE IT
IN THE SAME SHOW-ELDERLY AND HISPANICS DISCRIMINATED-TASTE BASED
AND INFORMATION BASED DISCRIMINATION
SAME IN THE CASE OF INTERNET DATING SITES-90% REQUESTS WERE SEND
TO THE SAME RACE
INFORMATION POTRAYED AND ACTUAL INFORMATION DIFFERED

CHAPTER 3
WHY DO DRUG DEALERS STILL
LIVE WITH THEIR MOMS?

 CHICAGO 1989-SUDHIR VENKATESH-PhD-SURVEY ON HOUSING PROJECTS

BLACK GANGSTER DISCIPLINE NATION-GANG LEADER- J.T-COLLEGE GRADUATE
SIX YEARS WITH DRUG DEALERS-OPERATIONS & PROJECTS
100 BRANCHES UNDER DISCIPLINE NATION-J.T HEADED THIS BRANCH
J.TS ANNUAL SALARY -$100000 WHILE BROAD MEMBERS SALARY WAS $500000
PAID 3 OFFICERS AND 50 FOOT SOLDIERS $9500
FOOT SOLDIERS $3.30 LOWER THAN MINIMUM WAGE

 WHAT NYLON STOCKINGS AND CRACK COCAINE HAD IN COMMON?

BOTH AFFORDABLE TO THE RICH

CHAPTER 4
WHERE HAVE ALL THE
CRIMINALS GONE?

ROMANIA
NICOLAE CEAUSESCU-COMMUNIST DICTATOR OF ROMANIA-ABOLISHED
ABORTION
BOOST POPULATION TO INCREASE NATION STRENGTH
ABORTION RATE WAS 4 ABORTIONS FOR EVERY LIVE BIRTH
WITHIN ONE YEAR OF ABORTION BAN ROMANIA POPULATION DOUBLED
THE CHILDREN BORN HAD MISERABLE LIVES AND GOT INVOLVED IN CRIME
HE LOST GRIP ON ROMANIA IN 1989-THE SAME YOUTH POPULATION TOOK
OVER
WHO WOULDNT HAVE BORN

USA
ABORTION LEGALISED
CRIME RATES DECREASED-EARLY 1990S

CHAPTER 5
WHAT MAKES A PERFECT
PARENT?

RISK
RISK=HAZARD +OUTRAGE
HAZARD>OUTRAGE => UNDERREACT; HAZARD<OUTRAGE =>OVERREACT
PRONE TO REACT TO SITUATIONS WHICH ARE CONTROLLABLE RATHER
THAN UNCONTROLLABLE
TERRORIST ATTACK > HEART ATTACK; SWIMMING ACCIDENTS < FIRE
RESITANT PYGAMAS,CHILD RESISTENT PACKING ETC
PARENTING EXPERTS FOCUS ON ATTRIBUTES MORE IN OUTRAGE

 ECLS-16 VARIABLES-8 CRITICAL FOR SUCCESS IN SCHOOL,8-NO RELATION

THE SUCCESS FACTORS-MOSTLY DETERMINED BEFORE CHILDS BIRTH
LESS OF WHAT PARENTS DO AND MORE OF CIRCUMSTANCES BORN INTO

CHAPTER 6
WHAT MAKES A PERFECT
PARENT?(II)

 HOW NAME EFFECTS BEHAVIOUR?

LOSER LANE VS WINNER LANE
BLACK AND WHITE NAMES BEGAN DIVERGING FROM 1970S
BLACKS GIVING WHITE NAMES WERE PENALISED BY THEIR OWN COMMUNITY

FAKE RESUMES WERE SENT WITH NAMES DIFFERENT-WHITE PREFFERED

NAMES SHOWS INCOME LEVELS-BLACK NAMES
NAMES ARE INDICATOR OF PERSONS INCOME RATHER THAN THE CAUSE

 CLEAR DISPARITY IN NAMES OF HIGH,MIDDLE AND LOW CLASS

PROPOSES WHAT WOULD BE THE NEW NAME LIST FOR 2015
THE NAME GIVEN BY PARENTS ACTUALLY SHOWS WHAT THEY EXPECT OF
THE CHILD-EVEN THOUGH IT MIGHT NOT BE TRUE.

CONCLUSION
ECONOMICS AS A FIELD OF SOCIOLOGY
USES THE HELP OF HUMAN BEHAVIOUR TO INTERPRET THE WORLD IN A
LOGICAL WAY RATHER THAN WHAT IS ACCEPTED GENERALLY

CRITICISM
SINCE THIS BOOK LOOKS AT THE WORLD ECCENTRICALLY, THE BASIS FOR
ASSUMPTIONS HAVE CRITICISED
LEGITIMISATION OF ABORTION
BOOK HAS BEEN CONSIDERED CONTROVERSIAL IF YOU WERE A TERRORIST HOW
WOULD ATTACK

THANK YOU!!!