Questions and Answers
Where was the daycare center that was studied in Chapter One?
Haifa, Israel
How much money were the Haifa parents fined?
$3
How many people per week were late to the daycare center?
8
What is economics?
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Who is Milton Friedman?
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What are the three types of incentives?
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Who is Manuel Eisner?
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Who said: 'So inscrutable is the arrangement of causes and consequences in this world that a two-penny duty on tea, unjustly imposed in a sequestered part of it, changed the condition of all its inhabitants.'?
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What happened when researchers changed the incentives for blood donation in the 1970s?
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Who said: 'A thing worth having is a thing worth cheating for.'?
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How many children disappeared in 1987?
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Which school system was studied by Levitt and Dubner?
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Why is high-stakes testing a big deal now?
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How many Chicago classrooms cheated?
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When interviewed, what percentage of teachers reported cheating by their colleagues?
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Who is Arne Duncan?
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How many classrooms were tested by Duncan?
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How much did cheating fall by after the tests?
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At which university did Jim Harrick Jr. oversimplify tests?
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What are three examples of cheating to lose?
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Who said: 'If you're not cheating, you're not trying.'?
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Who is Paul Feldman?
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Who created the 'Beer on the Beach' study?
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What example was provided at the end of Chapter One to illustrate Feldman's viewpoint?
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Which economist did Feldman agree with?
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Where was the KKK founded?
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Where does the KKK name come from?
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Study Notes
Daycare Center Study
- Study conducted at a daycare center located in Haifa, Israel.
- Parents were fined $3 for late pickups, impacting student attendance patterns.
- On average, 8 children were reported late at the daycare each week.
Definition of Economics
- Economics defined as the study of incentives influencing behavior and decision-making.
Influential Economists
- Milton Friedman known for introducing automatic tax withholding in economic practices.
- Manuel Eisner recognized for his scholarship on crime rates across European nations.
Key Quotes and Perspectives
- Thomas Jefferson noted the far-reaching effects of even small economic policies.
- W.C. Fields remarked that desirable outcomes can tempt unethical behavior.
Blood Donation Incentives
- In the 1970s, researchers altered blood donation strategies, shifting from economic to moral incentives.
Cheating in Education
- High-stakes testing emerged as a significant theme due to the No Child Left Behind Act implemented in 2002.
- In Chicago Public Schools, approximately 5% of classrooms were identified as engaging in cheating.
- During interviews, 35% of teachers acknowledged witnessing cheating by peers.
Arne Duncan's Role
- Arne Duncan served as the CEO of the Chicago Public School System and oversaw the testing of 120 classrooms where cheating was prevalent.
- Post-testing, instances of cheating reduced by 30%.
Examples of Cheating
- Notable cheating incidents include the 2002 Winter Olympics, the Chicago White Sox, and City College of New York sports events.
- Mark Grace's quote emphasizes a belief that attempting to win is synonymous with ethical compromise.
Studies on White Collar Crime
- Paul Feldman conducted research analyzing behaviors related to white-collar crime.
- Richard Thaler developed the "Beer on the Beach" study exploring economic behaviors in social contexts.
Philosophical Context
- Glaucon’s Ring of Gyges used as an example aligned with Feldman’s perspective on morality and temptation.
- Feldman’s viewpoint aligns with Adam Smith’s Theory of Moral Sentiments, illustrating economic behavior reflections.
KKK Origins and Counteractions
- The Ku Klux Klan was founded in Pulaski, Tennessee, derived from the Greek word "kuklos."
- Stetson Kennedy and Drew Pearson challenged the KKK through their publication, "The Klan Unmasked."
- SCJ Louis D. Brandeis emphasized transparency as a method for combating corruption.
Information Asymmetry
- Defined as a situation where one party holds more or superior information than another, creating power imbalances in negotiations or decisions.
Housing Quality Indicators
- Terms suggesting high-quality housing often include "granite," "state-of-the-art," "corian," "maple," and "gourmet."
Racism in Politics
- Senators Trent Lott and Strom Thurmond recognized for their racist affiliations and actions.
Cultural Discrimination
- Analyzed the game show "The Weakest Link," identifying that contestants who were Hispanic and elderly faced taste and information-based discrimination.
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Description
Test your knowledge of the key concepts and facts from Chapters 1 and 2 of Freakonomics. This quiz includes important definitions and statistics that illustrate the book's economic insights. Perfect for anyone looking to solidify their understanding of the material.
