Tag: Freakonomics

Adopted from the following great insight shared by Steven Levitt from the book Freakonomics “There are three basic flavors of incentive: economic, social, and moral. Very often a single incentive scheme will include all three varieties. Think about the anti-smoking campaign of recent years. The addition of a $3-per-pack “sin tax” is a strong economic…

Adopted from the following great insight shared by Steven Levitt from the book Freakonomics shows how internet has bridged gap between experts and ordinary public. “Information is the currency of the Internet. As a medium, the Internet is brilliantly efficient at shifting information from the hands of those who have it into the hands of…

Adopted from the following great insight shared by Steven Levitt from the book Freakonomics “There are three basic flavors of incentive: economic, social, and moral. Very often a single incentive scheme will include all three varieties. Think about the anti-smoking campaign of recent years. The addition of a $3-per-pack “sin tax” is a strong economic…

Adopted from the following great insight shared by Steven Levitt from the book Freakonomics “Social scientists sometimes talk about the concept of “identity“. It is the idea that you have a particular vision of the kind of person you are, and you feel awful when you do things that are out of line with that…

Adopted from the following great insight shared by Steven Levitt from the book Freakonomics.. “Morality, it could be argued, represents the way that people would like the world to work, wheareas economics represents how it actually does work.”