Michael Cote
Posts: 10306
Nickname: bushwald
Registered: May, 2003
|
Cote is a programmer in Austin, Texas.
|
|
|
|
Book Review: Freakonomics
|
Posted: Jul 22, 2005 7:06 PM
|
|
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.
Read: Book Review: Freakonomics
|
|