Freakonomics Thesis Statement

Freakonomics Thesis Statement-19
Levitt uses this statistic and other data gleaned from sumo wrestling matches, along with the effect that allegations of corruption have on match results, to conclude that those who already have 8 wins collude with those who are 7–7 and let them win, since they have already secured their position for the following tournament.Despite condemnation of the claims by the Japan Sumo Association following the book's publication in 2005, the 2011 Grand Tournament in Tokyo was cancelled for the first time since 1946 because of allegations of match fixing.

Levitt uses this statistic and other data gleaned from sumo wrestling matches, along with the effect that allegations of corruption have on match results, to conclude that those who already have 8 wins collude with those who are 7–7 and let them win, since they have already secured their position for the following tournament.Despite condemnation of the claims by the Japan Sumo Association following the book's publication in 2005, the 2011 Grand Tournament in Tokyo was cancelled for the first time since 1946 because of allegations of match fixing.

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The book is a collection of articles written by Levitt, an expert who had gained a reputation for applying economic theory to diverse subjects not usually covered by "traditional" economists.

In Freakonomics, Levitt and Dubner argue that economics is, at root, the study of incentives.

The book's chapters cover: One example of the authors' use of economic theory involves demonstrating the existence of cheating among sumo wrestlers.

In a sumo tournament, all wrestlers in the top division compete in 15 matches and face demotion if they do not win at least eight of them.

The sumo community is very close-knit, and the wrestlers at the top levels tend to know each other well.

The authors looked at the final match, and considered the case of a wrestler with seven wins, seven losses, and one fight to go, fighting against an 8–6 wrestler.This paper has sparked much controversy, to which Levitt has said "The numbers we're talking about, in terms of crime, are absolutely trivial when you compare it to the broader debate on abortion.From a pro-life view of the world: If abortion is murder then we have a million murders a year through abortion.Freakonomics: A Rogue Economist Explores the Hidden Side of Everything is the debut non-fiction book by University of Chicago economist Steven Levitt and New York Times journalist Stephen J. It was published on April 12, 2005, by William Morrow.The book has been described as melding pop culture with economics.Israeli economist Ariel Rubinstein criticized the book for making use of dubious statistics and complained that "economists like Levitt ...have swaggered off into other fields", saying that the "connection to economics ...And the few thousand homicides that will be prevented according to our analysis are just nothing—they are a pebble in the ocean relative to the tragedy that is abortion.So, my own view, when we [did] the study and it hasn't changed is that: our study shouldn't change anybody's opinion about whether abortion should be legal and easily available or not. In 2004, the authors published a response, in which they argued that Joyce's argument was flawed due to omitted-variable bias.To be politically incorrect is one thing; to be simply incorrect quite another." in which they admitted the errors in their original paper but also pointed out Foote and Goetz's correction was flawed due to heavy attenuation bias.The authors argued that, after making necessary changes to fix the original errors, the corrected link between abortion and crime was now weaker but still statistically significant, contrary to Foote and Goetz's claims.

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