Feakopnomics Book Summary Ch 3 And Ch 5

In Chapter 3, the authors discuss how data can reveal that the courtly wisdom is often not true. The authors use as an recitation inquiry by a University of Chicago student that refutes the received wisdom that do drugs dealers make a lot of m wizardy. The research reveals that, in fact, most drug dealers make very wee money. However, the reader should remember that this is a landing field of one graphic symbol of drug dealer (specifically cocaine) operating in one city. Do other drug organizations operate differently, in other area, interchange other drugs? The authors also discuss how experts will often reorient data to serve their own agendas, and this can sometimes aftermath in faulty conventional wisdom. The story about drug dealers, and specifically the Chicago crack cocaine gang, is particularly fascinating, scarce Chapter 3 most significantly teaches the reader to be to a greater extent skeptical of what experts say and to question conventional wisdom.
In Chapter 3, Freakonomics tackles the domain of conventional wisdom and, in providing information from a study about drug dealers, argues that often the conventional wisdom is merely not true.



The chapter begins by discussing the concept of conventional wisdom itself, noting that the phraseology conventional wisdom is first coined by economist tin can Kenneth Galbraith, who observes that the conventional wisdom must be simple, convenient, comfortable, and comforting - though not necessarily true. The authors point out that experts often give-up the ghost with journalists to form the conventional wisdom, and very often experts will skew data, and even lie, to serve their own agendas. For instance, in the 1990s, homeless inspire Mitch Snyder testifies before Congress that there are 3 trillion homeless people in America. The problem with this statistic is that it means that one out of every 100 Americans is homeless, which seemed a bit high. Snyder eventually admits that he has fabricated the 3 million homeless figure. As another example of how experts skew data to...If you want to trance a full essay, order it on our website: Ordercustompaper.com



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