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by Michael Cote.
Original Post: Book Review: Freakonomics
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Feed Description: Using Java to get to the ideal state.
On the way up to Washington, I read Freakonomics. As you might
be hearing by now, it's all about everyday economic stuff -- mostly
crime and cheating -- in the style of Blink. That is, the
punch-line is usually something counter-intutive or sly.
The book it pretty damn fantastic. It's chock full of plenty of interesting
stories -- about crack-gangs, bagel sellers, real-estate agents,
crazy kid names -- and lots of interesting applications of "what cool
ideas can we pull out of these mountains of data":
Real-estate agents have little incentive to get $10,000 more for
your house. After everyone takes their cut of the pay-off, it's just
an extra $100-150. So, they'll sell your house for $300,000 instead
to get the bird in the hand instead of waiting a few days to get
$310,000. Not so for their own houses: they get wait for those two
in the bush.
Lowly crack-dealers make less than minimum wage. And, with a
little spin on semantics, they have a higher chance of getting
killed than prisoners on death row.
If I were you, I'd get myself and copy and read it: it'll provide
plenty of fodder for bar-talk and give you a good list of names and
advice for kids.