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The authors attempt to demonstrate the power of data mining, as a number of their results emerge from Levitt's analysis of various databases. Despite condemnation of the claims by the Japan Sumo Association following the book's publication in 2005, the 2011 Grand Tournament in Tokyo was canceled for the first time since 1946 because of allegations of match-fixing. Levitt uses this statistic and other data gleaned from sumo wrestling matches, along with the effect that allegations of corruption have on match results, to conclude that those who already have eight wins collude with those who are 7–7 and let them win, since they have already secured their position for the following tournament. However, the 7–7 wrestler actually wins around 80% of the time. Statistically, the 7–7 wrestler should have a slightly below even chance, since the 8–6 wrestler is slightly better. The authors looked at the final match, and considered the case of a wrestler with seven wins, seven losses, and one fight to go, fighting against an 8–6 wrestler. The sumo community is very close-knit, and the wrestlers at the top levels tend to know each other well. In a sumo tournament, all wrestlers in the top division compete in 15 matches and face demotion if they do not win at least eight of them. One example of the authors' use of economic theory involves demonstrating the existence of cheating among sumo wrestlers. Chapter 6: The socioeconomic patterns of naming children ( nominative determinism).Chapter 5: The negligible effects of good parenting on education.Chapter 4: The role legalized abortion has played in reducing crime, contrasted with the policies and downfall of Romanian dictator Nicolae Ceauşescu (Levitt explored this topic in an earlier paper entitled ' The Impact of Legalized Abortion on Crime', written with John Donohue).

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Chapter 3: The economics of drug dealing, including the surprisingly low earnings and abject working conditions of crack cocaine dealers.Chapter 2: Information control as applied to the Ku Klux Klan and real-estate agents.Chapter 1: Discovering cheating as applied to teachers and sumo wrestlers, as well as a typical Washington, D.C.–area bagel business and its customers.In Freakonomics, Levitt and Dubner argue that economics is, at root, the study of incentives. The book is a collection of articles written by Levitt, an economist who had gained a reputation for applying economic theory to diverse subjects not usually covered by 'traditional' economists. Based on the success of the original book, Levitt and Dubner have grown the Freakonomics brand into a multi-media franchise, with a sequel book, a feature film, a regular radio segment on National Public Radio, and a weekly blog. By late 2009, the book had sold over 4 million copies worldwide. Published on April 12, 2005, by William Morrow, the book has been described as melding pop culture with economics. 0-06-123400-1 (Hardback), ISBN 0-06-089637-X (large print paperback)įreakonomics: A Rogue Economist Explores the Hidden Side of Everything is the debut non-fiction book by University of Chicago economist Steven Levitt and New York Times journalist Stephen J.

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