Posted: July 10th, 2014

Macro & Micro economics economics

Macro & Micro economics economics

 
Project description
Freakonomics, Assignment #2

Optional

Please remember these reports will be run through Turnitin.com looking for plagiarism. Please make sure you are aware of the University?s policies on plagiarism so that you avoid it at all costs. Instances of plagiarism will be reported to the University per the handbook.

When answering the questions below, be sure to be as detailed as possible. You are NOT being evaluated on what you can rephrase from the book, but your own analysis USING ECONOMIC PRINCIPLES that we have learned thus far. Simply retyping or summarizing what happened is worth very little on this assignment. The purpose of this assignment is to develop your critical thinking skills in regards to economics and your communication skills. Questions should be answered in paragraph form, using proper grammar and sentence structure. When supporting your position, use examples from work, school or other areas of your life to illustrate your point. Remember, do not simply cut and paste from a website etc, as this can be construed as plagiarism.

You will be graded as follows: (100 points)

? Did the student answer the questions adequately and accurately (remember there are several questions within each major question)? 50 points
? Did the student support their position adequately? 20 points
? Did the student use correct grammar and spelling? 15 Points
? Did students give examples that related to their job or company or life experiences when answering the questions? 15 points

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Freakonomics Core Competencies Questions

1. Describe what it means for a Japanese sumo wrestler to be ?on the bubble? and what incentives this wrestler and his opponent may have to ?throw? a wrestling match. Give another example (outside of Sumo wrestling) where this phenomenon may occur. How did Levitt construct a means of detecting evidence of cheating among Japanese sumo wrestlers? What evidence does he offer in support of his claim that some Japanese sumo wrestlers probably ?throw? some of their matches?

2. How did Paul Feldman set up his bagel business in the Washington, D.C. area? How did it differ from most business models? What do the authors of Freakonomics conclude from an analysis of the Paul Feldman?s bagel sales data? Do these conclusions match with economists? expectations of human behavior?

3. What does the data say about the characteristics of men and women who participate in Internet dating sites relative to the characteristics of the broader population? Assuming many of the people who use Internet dating sites are not being truthful when they describe themselves, what could motivate them to do so, knowing that if they ever actually met a date face-to-face, the truth would likely come out?

4. What do the experiences of Winner Lane, Loser Lane, and Temptress tell us about the likely relationship between a child?s name and his/her prospects for success in life? Are these examples sufficient for us to draw any definitive conclusions? Why or why not? According to the analysis of the California names data, does a person with a distinctively black name have, on average, a worse life outcome than a person with a distinctively white name? If so, is it the fault of the name? If not, explain what the data are telling us. Think of your own name. Where do you think you would fall in this study?

the book is FREAKONOMICS by steven d levitt and stephen j dubner
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