Life...The Most Complicated Thought

The unexamined life is not worth living. ~Socrates


I wish I could say Freakonomics was freaking awesome. It was a good book. Steven Levitt and Stephen Dubner put lots of time and effort into the research and they justify each statement. The following topics were discussed. (source: Wiki)

  1. Discovering cheating as applied to teachers and sumo wrestlers
  2. Information control as applied to the Ku Klux Klan and real-estate agents
  3. The economics of drug dealing, including the surprisingly low earnings and abject working conditions of crack cocaine dealers
  4. The controversial role legalized abortion has played in reducing crime.
  5. The negligible effects of good parenting on education
  6. The socioeconomic patterns of naming children

I would say that all discussions were interesting but I think the most interesting was topic 3 about crack cocaine dealers. I think I would have enjoyed this book more if I had read it, as it involved reading raw data. Stephen Dubner, one of the authors of the book, read the book. Many instances he read off the data, and while driving, it made it difficult to follow it. I think all finance majors should give this book a chance, as they will understand many concepts since they are applied to real-life scenarios.

This book one of the few non-fiction I have read, and I am recommended to read Outliers by Malcolm Gladwell and told I will enjoy that more. I have added the book on my future-reads list.

I will give this book 8.5 out of 10.