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Johnny Calzaretta

on 9 May 2013

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Transcript of SuperFreakonomics

What is SuperFreakonomics? SuperFreakonomics is a series of essays which analyze and contemplate many of the worlds social and economic problems and the way that people respond to incentives through an economic approach. Analysis of Human Nature VS. "If you wanted to get more expansive, you might say this: People respond to incentives, although not neccesarily in ways that are predictable or manifest. Therefore, one of the most powerful laws in the universe is the law of unintended consequences. This applies to schoolteachers and Realtors and crack dealers as well as expectant mothers, sumo wrestlers, bagel salesmen, and the Ku Klux Klan." The Situation The Issue The Facts Reasoning The Resolution THE FINAL DECISION Why do people still do it? The Argument THE FACTS THE STORY You are at a friends house who lives only a mile away. You have a fun time and drank four glasses of wine. While finishing your last drink, you dig out your car keys. Abruptly you conclude this is a bad idea: you are in no condition to drive home. Should you drive home drunk, walk home drunk... or none of the above? DRIVING DRUNK WALKING DRUNK Both are stupid
You are drunk in both A Drunk Driver is 13x more likely to cause an accident than a sober one
In the U.S., more than 30% of all fatal accidents involve at least one drunk driver
During the late night hours, this percentage rises to 60%
Overall, 1 in every 140 miles is driven drunk, or 21 billion miles each year
13,000 people are killed in drunk driving accidents each year
The lives of others are put into danger More than 1,000 drunk pedestrians die in traffic accidents.
Drunk walkers lie down to rest on country roads, step off of sidewalks into city streets, and make mad dashes across highways.
On a per mile basis, a drunk walker is 8x more likely to get killed than a drunk driver. Because drunk drivers are rarely caught, and also... "cuz yolo". There is just 1 arrest out of every 27,000 miles driven drunk.
This means that you could drive back and forth across the country four times while drunk before getting caught. Although neither is a good choice, driving drunk is safer than walking drunk. However, one must consider the fact that driving drunk can kill other innocent drivers or pedestrians while walking drunk only endangers oneself. When it comes to this decision, maybe none of the above is the best choice; ask your friend to sleep over or call a cab... or just don't drink. The Human Response 2001: The Summer of the Shark In 2001 there were just 68 shark attacks, and only four of them were fatal.
From 1995-2005 there were 60.3 worldwide shark attacks each year, with an average of 5.9 fatal attacks.
Meanwhile, Elephants kill nearly 200 people each year, so why aren't we as afraid of them?
The news, magazines, and movies Trend Analysis The Crime Explosion of the 60's The crime rate in 1960 was 50% higher than it was in the 50's, and by 1970 the rate had quadrupled.
Possible Factors: Population explosion, shift in popular culture, the expansion of civil rights...
Or, ironically, the ACLU
Television Doctors' Ward Midwives' Ward BIRTHS DEATHS RATE YEAR 1841 1842 1843 1844 1845 1846 TOTAL AVG RATE 3,036 237 7.8% 3,287 518 15.8% 3,060 274 9.0% 3,157 260 8.2% 3,492 241 6.9% 4,010 459 11.4% 20,042 1,989 9.9% BIRTHS DEATHS RATE 2,442 86 3.5% 2,659 202 7.6% 2,739 164 6.0% 2,956 68 6.3% 3,241 66 2.0% 3,754 105 2.8% 17,791 691 3.9% AVG RATE DEATH'S DURING CHILDBIRTH Doctors of the finest hospital of the time killed 6% more delivering mothers than did village midwives... How could this be??? The Dictator Game ROUND 1 ROUND 2 ROUND 3 ROUND 4 The Left side of the room will receive 2 Starbursts and the Right side will not receive any.
Give 1 Starburst to the Right side
Give 2 Starbursts to the Right side
Give no Starbursts to the Right side Both sides of the room will get 1 Starburst each

Give their Starbursts to the Left side
Keep their Starburst
Keep their Starburst and take one from the Left side The Left side will receive 1 Starburst, but the Right side will have to work for their one Starburst.

Give their Starburst to the Left side
Take a Starburst from the Left side
Keep their Starburst
Both sides will receive 1 Starburst, however the people on the Left side get to watch the Right side choose what to do with their Starbursts

Give their Starburst to the Left side
Take a Starburst from the Left Side CONTRIBUTING FACTORS
Scarcity of Options
Scrutiny THE REST OF THE BOOK Introduction: Putting the Freak in Economics Chapter 1: How is a Street Prostitute like a Department Store Santa? Chapter 2: Why should Suicide Bombers buy Life Insurance? Chapter 3: Unbelievable Stories about Apathy and Altruism Chapter 4: The Fix is in- and it's cheap and simple. Chapter 5: What do Al Gore and Mount Pinatubo have in common? Epilogue: Monkeys are people too With other interesting topics including...
Pimps vs Realtors... Some families produce baseball players; others produce terrorists... A variety of ways to postpone death... How to catch a terrorist... Why did 38 people watch Kitty Genovese be murdered?... How the Endangered Species Act endangered species... Lets melt the ice cap!... How to cool the earth... Monkeys are people too
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