Freakonomics - by Stephen J Dubner & Steven Levitt
'The hidden side of everything'
Economics ultimately boils down to the study of incentives. Incentives are all around us, whether natural or manufactured (like by a parent, teacher, boss, politician or economist). In this episode, we talk about 4 major areas of economics, using a few stories and studies from the book to flesh out the concepts:
- Moral incentives VS Economic incentives
- Information Asymmetry
- Correlation VS Causation
- Risk Assessment
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