I just read chapter 1 of Freakonomics a little bit. This chapter is talking about common things between schoolteachers and sumo wrestlers.
In this chapter, We can find common things between schoolteachers and sumo wrestlers through incentives. The author said that Economics is the sudy of incentives essentially. An incentive can be a bullet, a lever, a key to change situation. Simply put, an incentive is a measure to persuade people to do good things. Also, someone-an economist, parents, or a politician-has to invent incentives.Economic, social, and moral are three basic flavors of incentive.
Good job Seunghyun,
ReplyDeleteI like your summary, and it really seams an interesting book.
You explained the chapter really well! I think that was an interesting comparison that the authors made - I had never ever thought about what was similar between sumo wrestlers and teachers. :)
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