Freakonomics promises to “explore the hidden side of everything“. Well, it doesn’t … obviously it can’t. Nevertheless it’s funny to read and there are a couple of interesting things in the book.
A few notes:
- There are three different kind of incentives: moral, social and financial; Incentives are the cornerstones of modern life.
- Everybody cheats, that’s nature.
- The conventional wisdom is often wrong. Just because you feel comfortable with something it doesn’t mean it’s correct. Use hard data to check whether something is really true.
- Dramatic effects often have distant, even subtle, causes.
- Experts use their informational advantage to serve their own agenda >> information asymmetry
The final two chapters are mainly about parenting and children names … which was not particularly interesting for me, but might be for others. Just one thing: there’s almost no other area where false conventional wisdom is so widely spread like in parenting.
I’d say out of five stars it gets three.
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