What is Freakonomics? Freakonomics is an interesting book that evokes the human motivation and mind. It shows you a common world, through a different perspective and view. The authors approach to economics is done in an unconventional way, more like a curios explorer. Freakonomics does not have one common theme, it is based on four essential ideas: incentives are the basis of modern life, conventional wisdom is often wrong, dramatic effects often have distant even subtle causes and experts use their informational advantage to serve their own interest. The primary point in Freakonomics is that economics is essentially the study of incentives, explains why people behave the way they do and how they benefit from what they do. There are three basic types of incentives: economic, social, and moral. What is an incentive? Incentives, are the corner stones of modern life. Incentives are also the things that encourages someone to do something that they would not normally do. The three types of incentives that motivate our decisions are moral, financial and social. When someone makes a decision based on moral incentive they are doing what they feel is right. When a financial incentive exist the persons decision is based on money and social incentives is when someone makes a decision …show more content…
Why is the high school diploma an incentive for students? It is important for many reasons because the high school diploma means that they successfully passed all the requirements set forth by the state board of education and the trustees of the school district. It also means more opportunities for the student in getting a job or continuing their education whether it is going to a community college or a university. The high school diploma is also a big accomplishment for everyone that graduates and gets rewarded for all the hard work you did to pass all the classes and requirements set