Freakonomics Chapter 1

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Title: Freakonomics Chapter 1

Essay Details:

Subject: Book Reports

Author: Marion G

Date: April 28, 2015

Level: University

Grade: A

Length: 2 / 323

Essay text:

What do schoolteachers and sumo wrestlers have in common? It has to do with incentives, a concept in economics. There are three basic flavors of incentive: economic, social, and moral. Often a single incentive scheme will include all three varieties. Cheating can be something extremely small or something quite large. The authors talk about both. Leaving children at daycare for just a few extra minutes does not really seem like it would be that significant, but it is. Technically when parents leave their children for those few extra minutes while they run to the grocery store, it is cheating. They are cheating the system because they are not charged for the extra time their children are there...

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