Freakonomics Chapter 3 Quiz

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Questions and Answers

What does 'Conventional Wisdom' accord with?

  • Awkward effort
  • Life dislocation
  • Chaos and disorder
  • Self-interest and personal well-being (correct)

Who is Sudhir Venkatesh?

A researcher who pursued his PhD at the University of Chicago and studied poverty.

What did Sudhir Venkatesh find in a poor neighborhood of Chicago?

The Black Gangster Disciple Nation.

Who is J.T.?

<p>The leader of the crack gang who majored in business and graduated college.</p> Signup and view all the answers

Match the different roles of the gang with their descriptions:

<p>Rank and File = Unemployed but loyal members hoping to become foot soldiers Foot Soldiers = Street-level salesmen dealing drugs, working to become officers Officers = Includes an enforcer, a treasurer, and a runner Leader = In control over all members and distributes money</p> Signup and view all the answers

What is the salary of Foot Soldiers in the gang?

<p>$1,184 Anually.</p> Signup and view all the answers

What is the salary of Officers in the gang?

<p>$8,400 Anually.</p> Signup and view all the answers

What is the salary of the Leader in the gang?

<p>$100,000 Anually.</p> Signup and view all the answers

What is the annual revenue of the gang?

<p>$384,000.</p> Signup and view all the answers

How do drug dealers' wages compare to McDonald's workers?

<p>They make different wages depending on their role, similar to McDonald's workers. (D)</p> Signup and view all the answers

What is a 'Tournament' in the context of gang hierarchy?

<p>A system where low gang members must advance their skills to proceed in the standings.</p> Signup and view all the answers

Why do many drug dealers still live with their moms?

<p>Most do not make enough money to afford living on their own.</p> Signup and view all the answers

Flashcards

Conventional Wisdom

Aligning with self-interest, personal well-being, and avoiding unnecessary effort or disruption.

Sudhir Venkatesh

A PhD student who studied a Chicago crack gang for six years, living among its members.

J.T.

Leader of the Black Gangster Disciple Nation and a college graduate with a business degree.

Rank and File

Unemployed gang members aspiring to become foot soldiers, demonstrating loyalty.

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Foot Soldiers

Street-level drug dealers earning a modest annual salary of $1,184.

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Officers (in the Gang)

Key roles in the gang responsible for enforcement, finances, and logistics, reporting to J.T.

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Leader (of the Gang)

Highest authority managing gang members and financial distribution, earning $100,000 annually.

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Annual Revenue of Gang

The total income generated by the gang annually.

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Tournament Concept (within the Gang)

Gang members must improve skills to move to a higher rank, similar to game progression.

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Drug Dealer vs McDonald's Worker

Like McDonald's, the higher up you go, the more money you make.

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Study Notes

Conventional Wisdom

  • Defined as aligning with self-interest and personal well-being while avoiding unnecessary effort or disruption in life.

Sudhir Venkatesh

  • Pursued a PhD at the University of Chicago, focusing on poverty studies.
  • Discovered the Black Gangster Disciple Nation while researching a poor Chicago neighborhood.
  • Initially struggled to gather data through questionnaires but became fascinated by the gang's lifestyle.
  • Spent six years living among gang members, viewing drug dealing as a business.

J.T.

  • Leader of the crack gang, educated with a business degree, and a college graduate.

Different Roles in the Gang

  • Rank and File: Unemployed members awaiting advancement.
  • Foot Soldiers: Street-level dealers working their way up.
  • Officers: Key roles including enforcer, treasurer, and runner.
  • Leader: The highest authority within the gang.

Rank and File

  • Composed of unemployed individuals, loyal to the gang, aspiring to become foot soldiers.

Foot Soldiers

  • Estimate: 25-75 members.
  • Role: Street-level drug sales with a modest annual salary of $1,184.

Officers

  • About 3 members fulfill this role.
  • Responsibilities include safety enforcement, financial management, and transportation.
  • Report directly to J.T. with an annual salary of $8,400.

Leader

  • Singular position responsible for managing gang members and financial distribution.
  • Earns an annual salary of $100,000.

Annual Revenue of Gang

  • Total revenue generated by the gang is $384,000.

Drug Dealer vs. McDonald's Worker

  • Earnings of drug dealers vary based on rank, similar to pay differences among McDonald's employees.
  • Drug dealers: Foot soldiers earn low (like burger flippers), leaders earn much more (like franchise owners).

Tournament Concept

  • Members must enhance their skills to advance within the gang's hierarchy, resembling a competitive tournament.

Living Situations of Drug Dealers

  • Many drug dealers lack sufficient income to afford independent living, often resulting in them living with their mothers.

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