By Steven D. Levitt, Stephen J. Dubner
Hardcover: 320 pages
Publisher: William Morrow; Revised & extend, Roughcut variation (October 2, 2006)
Which is extra risky, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in universal? Why do drug purchasers nonetheless reside with their mothers? How a lot do mom and dad really count? what sort of influence did Roe v. Wade have on violent crime?
These won't sound like usual questions for an economist to invite. yet Steven D. Levitt isn't a standard economist. he's a far heralded pupil who experiences the stuff and riddles of daily life-;from dishonest and crime to activities and baby rearing-;and whose conclusions on a regular basis flip the normal knowledge on its head. He often starts off with a mountain of information and a straightforward, unasked query. a few of these questions situation life-and-death concerns; others have an admittedly freakish caliber. hence the hot box of research contained during this booklet: freakonomics.
Through forceful storytelling and wry perception, Levitt and co-author Stephen J. Dubner express that economics is, at root, the examine of incentives-;how humans get what they need, or desire, specifically whilst other folks wish or want a similar factor. In Freakonomics, they got down to discover the hidden part of ... good, every little thing. the internal workings of a crack gang. the reality approximately real-estate brokers. The myths of crusade finance. The telltale marks of a dishonest schoolteacher. The secrets and techniques of the Ku Klux Klan.
What unites these types of tales is a trust that the trendy global, regardless of a surfeit of obfuscation, hardship, and downright deceit, isn't impenetrable, isn't unknowable, and-;if the ideal questions are asked-;is much more exciting than we predict. All it takes is a brand new approach of taking a look. Steven Levitt, via devilishly shrewdpermanent and clear-eyed pondering, exhibits how you can see via the entire clutter.
Freakonomics establishes this unconventional premise: If morality represents how we want the realm to paintings, then economics represents the way it truly does paintings. it really is actual that readers of this ebook may be armed with adequate riddles and tales to final 1000 cocktail events. yet Freakonomics grants greater than that. it's going to actually redefine the best way we view the trendy international.
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Additional resources for Freakonomics: A Rogue Economist Explores the Hidden Side of Everything (Revised and Expanded Edition)
Develop the best strategy possible, but keep in mind as you move forward, that you may need to adjust it. Chapter 1: Wrapping Your Brain Around Dividend Investing The following are some semifamous strategies that investors have developed for picking dividend stocks for their portfolios (see Chapter 18 for details): ✓ The Dogs of the Dow: In 1991, Michael O’Higgins proposed an investment strategy called The Dogs of the Dow based on the fact that a dividend stock’s yield rises whenever its share price drops.
Amid a severe liquidity crisis, companies desperate to conserve cash slashed or eliminated dividend payouts. The dividend giants that succumbed included Dow Chemical (DOW), initiating its first cut since it started paying dividends in 1912; General Electric (GE), which lowered its dividend for the first time in 71 years; and Pfizer (PFE). According to Standard & Poor’s, out of the approximately 7,000 stocks that report dividends, 804 stocks cut their payouts in 2009, or 631 percent more than the 110 that cut their dividends in 2007.
S. and international) and wireless ✓ Consumer staples: Food/beverages, prescription drugs, household products, tobacco, and alcohol Prior to the mortgage meltdown that started in 2007, real estate and financials would have been at the top of the list. As I’m writing this book, they’re just at the top of the trash heap. 19 20 Part I: Introducing Dividend Investing Basics Crunching the numbers Eeny, meeny, miny, moe is no way to pick dividend stocks. Savvy investors carefully inspect the company reports — balance sheet, income statement, and cash flow statement — and crunch the numbers to evaluate the company’s performance, at least on paper.
Freakonomics: A Rogue Economist Explores the Hidden Side of Everything (Revised and Expanded Edition) by Steven D. Levitt, Stephen J. Dubner