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Selected “ Freakonomics ” Columns From The New York Times Magazine. Lauren Williams, Katie Wilmes, and Lindsey Howe. Hoodwinked? January 8, 2006.
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Selected “Freakonomics” Columns From The New York Times Magazine Lauren Williams, Katie Wilmes, and Lindsey Howe
Hoodwinked?January 8, 2006 • Explains that the man who uncovered KKK secrets was not truthful about all that he had done. He built himself up to be more of a contributor than he was.
Why Vote?November 6, 2005 • People believe their vote really matters when in fact it does not have any effect on the election. • They only vote so that other people will see that they are doing their “civic duty” (questioned incentives of voters). We vote out of self interest and as a social incentive. • The Swiss do ballots by mail to eliminate only voting in “hope for social esteem” which also decreases the price. • Caused a decrease in voters • Social incentives matter more to us than financial incentives
How Many Lives did Dale Earnhardt Save?February 19, 2006 • Earnhardt’s death is to Nascar as 9/11 is to the federal government. (caused safety of Nascar to be stressed) • Nascar’s record of zero deaths in five years over 6 million miles is “perhaps not as remarkable as it first sounded” even though you would think that driving a racecar is more dangerous than going to the grocery. • Economists thought that the improvement of the safety would cause more wrecks because racers would be reckless, but the increase in wrecks was very slight. • “enough crashes to satisfy its fans but not too many to destroy the sport”
The Gift-Card EconomyJanuary 7, 2007 • Gift cards actually make money for the business because most consumers do not spend the money and it just stays on the card and gets thrown away. • Gift cards are more suited for children than adults • Only for certain relationships: • Shows that the person: • Is thinking about the receiver • Cares about him or her • Wants to give him something he will value • Gift cards are actually a gift for the business
Filling In The Tax GapApril 2, 2006 • The IRS’ role is to enforce the tax laws passed by congress, so if you hate them, it is probably for the wrong reason. • The group of people that do not pay their taxes is actually very small despite the extreme amount of money • IRS conducted face to face audits on only 0.19 percent of all individual tax payers, so people think it is okay to cheat becauses they do not have a good chance of getting caught.
Laid-Back LaborMay 6, 2007 • The difference between work and leisure is choice (Did you decide yourself or were you told to?) • Enjoyment scale of 0-10, anything at or above 7.3 is considered leisure and anything below is considered work. • Knitting is leisure, gardening and cooking considered home production • Recent craze of “cooking for fun” produces gray area • Embedded in our genes is a drive to feed and clothe ourselves