Freakonomics - Outline

Economics - Study of incentive
Incentive - in short, urging people to do more good things and less bad things
                   not come about organically->someone has to invent
Three basic flavors - economic, social, and moral
        Example - anti-smoking campaign(sin tax-economic incentive, banning of cigarettes in
                                                                       restaurant-social incentive, terrorists who sell black-
                                                                       market cigarettes raise money- moral)
       
         Explain economic, social, and moral incentive
 
What was wrong with incentive at the Israeli day-care-center?
        - $3 fine is too small
        -  It substituted economic incentive ($3) for moral incentive  

Levitt, S. D., & Dubner, S. J. (2005). Freakonomics (Rough Cut Edition ed., pp. 19-24). N.p.: William Morrow.

This chapter explain incentive by using some example. I learned three basic flavors of incentive: economic, social, and moral. Therefore, I can apply this substances in real situation.