What You Will Learn

Freakonomics - by Stephen J Dubner & Steven Levitt'The hidden side of everything' Economics ultimately boils down to the study of incentives. Incentives are all around us, whether natural or manufactured (like by a parent, teacher, boss, politician or economist). In this episode, we talk about 4 major areas of economics, using a few stories and studies from the book to flesh out the concepts: - Moral incentives VS Economic incentives - Information Asymmetry  - Correlation VS Causation - Risk Assessment  See acast.com/privacy for privacy and opt-out information.