Freakonomics

"If you own a gun and have a swimming pool in the yard, the swimming pool is almost 100 times more likely to kill a child than the gun is." Do we really think that way? But statistically it is right. Freconomics talk about regular life problems and statistical/economical solution. It is more close to behavioral economics. Reading book is like detective story how detective found out the clues, only difference is Steven D. Levitt uses the economical theories and statistical models.

Book is very effective to understand the real life problem, it helps us to increase our analytical problem solving, and it influences our thoughts.

Some of the events cover in the book: Who cheats? Just about everyone…How cheaters cheat, and how to catch them…Stories from an Israeli day-care center…The sudden disappearance of seven million American children…Cheating schoolteachers in Chicago…Why cheating to lose is worse than cheating to win…Could sumo wrestling, the national sport of Japan, be corrupt?…What makes perfect parents? The negligible effects of good parenting on education… socioeconomic patterns of naming children…

Games Indians play: Why we are the way we are

This is one of the most satisfying rather study made on Indian behavior. It talks about the Indianess or indian’s nature and provides explanation with the help of game theory and behavioral economics by prof. V. Raghunathan sir. I find same nature in Amartya Sen’s book “The Argumentative Indian” but it talks more historic evidences whether this book provide regular life problem like why Indian city looks so dirty and shabby where as historically we are the people of very high aesthetic sense. How Indian perceive problem individually and socially and solve it with “chalta hai” attitude… I think one of best work in behavioral economic I came across…