Which is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their moms? How much do parents really matter? Does turning on the lights kill coal miners?Statistics never lie but liers always use statistics.
Freakonomics is a ground-breaking collaboration between Steven Levitt and Stephen J. Dubner, an award-winning author and journalist. They usually begin with a mountain of data and a simple, unasked question. Some of these questions concern life-and-death issues; others have an admittedly freakish quality. Thus the new field of study contained in this book: Freakonomics.
Read this excerpt and then answer the following questions:
1) What is an externality?
2) Who is Jack? What are the externalities in his life?
3) Are externalities easily quantifiable? Why or Why not?
4) List the top ten exteralities in your life and what you can do to control each one.
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