In Freakonomics, Steven Levitt explores the role of incentives in behavior and their impact on economic outcomes, such as the importance of education in modern economies.
1. What did Steven Levitt learn about incentives when he tried to potty train his daughter?
Steven Levitt learned that incentives play a crucial role in behavior. In his attempt to potty train his daughter, he used incentives like cash rewards, which led to successful outcomes.
2. What does Levitt say not graduating from high school is like in a modern economy? Why do kids not really consider this?
In a modern economy, Levitt likens not graduating from high school to enduring a life with limited options and reduced earning potential. Kids may not fully grasp the long-term consequences of not finishing high school due to a lack of understanding about future economic impacts and opportunities.
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