Book Reviews

FREAKONOMICSCOMMENT : Levitt set out a whole new way of life of looking at issues by broadening the scope of frugal science or rather by looking at issues in an economic and unorthodox (even within the economics circle ) way of life Rather than examining more conventional and more convenient causative factors in answering issues , he was able to correlate an issues with an issuance or a factor that no one would see dared looked at for lack of any apparent link to the issues . In his light manner , economics is made more profoundChapter 1 : What do schoolteachers and sumo wrestlers have in commonPeople respond to incentives , both positively charged and negative . Incentives may claim bribes , offering other good deal what they motivation in exchange for what the offerer wants it may involve coercion , penalties or even violation of civil liberties .

It is likened to a bullet , a key or any down in the mouth object , with an astonishing power to change the situation Incentives may be economic , social or moral and often , a single incentive scheme volition involve all these three . Crimes for example , pose economic (fines , social (shame ) and needless to say , moral consequences . Incentives schemes involve trade-offs - a balancing of moral , social and economic factors . Any disregard change among these factors in the scheme may alter the results or the successfulness of the scheme . In any case , for sale people will try to take advantage of the loopholes , or beat the incentive schemes . This is when cheating comes inThe high-stakes testing which is part of the...If you want to get a full essay, order it on our website: Orderessay

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