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Crazy

into_the_wild

Dreams are what you wake up from.

14 years of Livejournalling, and hopefully, more to come.


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Crazy
into_the_wild

:: The Hidden Side to Everything ::



:: The Hidden Side to Everything ::



Finally finished reading Freakonomics:
A Rouge Economist Explores The Hidden Side to Everything
By Steven Levitt & Stephen Dubner.

Fascinating book founded on a few fundamental ideas, which I quote:

1. Incentives are the conrnerstone of modern life.
And understanding them, or often, ferreting them out - is the key to
Solving just about any riddle from violent crime to sports cheating to online dating.

2. The conventional wisdom is often wrong.
Crime didn't help soaring in the 1990s, money alone doesn't win election, and
- surprise - drinking eight glasses of water a day has never actually been shown to
Do a think for your health. Conventional wisdom is often shoddily formed and
Devilishly difficult to see through, but it can be done.

3. Dramatic effects often have distant, even subtle, causes.
The answer to a given riddle is not always right in front of you.

4. 'Experts' - from criminologists to real-estate agents - use their
Informational advantage to serve their own agenda.

However, they can be beat at their own game. And in the face of the Internet,
Their information advantage is shrinking everyday - as evidenced by,
Among other things, the falling price of coffee and life-insurance premiums.

5. Knowing what to measure and how to measure it makes a complicated
World much les so.

If you can learn how to look at data in the right way, you can explain riddles
That otherwise might have seemed impossible. Because there is nothing like the
Sheer power of numbers to scrub away layers of confusion and contradiction.

------

There are many surprisingly revelations, such as the explanation to what
Schoolteachers and Sumo Wrestlers have in common. Or what actually caused
A decline in crime rate. It left me wondering how about we live the world inundated by
Figures and numbers that we read off the press and in the news, about a booming
Economy and rising GDP and the like that makes us feel good about everything around us,
When there are actually critical figures that elude us, for fear that massive consumer
Unconfidence will lead to a demultiplier effect. Perhaps thus the current property bubble?
I have had the unneeded opportunity to test idea #3; that statistics, similar to words in
A act of law, can be manipulated to a great extent to serve the needs on the executor.
It always pays to be heedful.

I'm passing the book to the next friend that I meet who wants it. =)


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coincidence.. am reading it too.

it'll be a great read.
may even be useful in your field.

Looks like it is a good book to read. Will try to get a hand on a copy. Thanks for recommending it.


I passed mine to Nigel. Sorry about it.

conspiracy theory! :P and SOMEone was saying that i'm able to link everything together!

that's the same thing with statistics. ppl only pick the information that's useful to them. for example, ppl who're for conversion therapy would naturally show numbers in favor of how it works, and ppl who're against would throw another number. what's new, seriously. i no longer t(h)rust most of the information that i read on newspapers and periodicals that tend to lean towards either camps; pro estab, or anti estab. they're all skewed. one such pity is FER, which was banned in singapore. no chance to read it anymore.

Linking Everything to Everything:Journal Publishing Myth or Reality?

S. Hitchcock, F. Quek*, L. Carr, W. Hall, A. Witbrock* and I. Tarr*
Open Journal Project †Multimedia Research Group
Department of Electronics and Computer ScienceUniversity of Southampton SO17 1BJ,
UK*Electronic Press Ltd,
LondonContact for correspondence: Steve Hitchcock sh94r@ecs.soton.ac.uk

after reading that books, can u tell me how to convert S$200k to S$1m in 3 yrs time?

why would anybody want to do that?
and even if you were able to do that, would you be really happy?
i wonder.

Sounds like the undercover economist... will pick it up at the Stores.

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