Tuesday, February 25, 2014

Extend Reading Respond for Freakonomics 3: The Warrior and the dragon

     Usually, I personally don't like a book which describe its hero as a super warrior who fight against a evil, giant dragon. But, I have to say that the chapter 2 of Freakonomics has already changed my mind. Kennedy, who was known by me as a legendary president of the United States, show some  hidden historic characters in this chapter.

     According to the regular pattern of Klan's history, it was relatively feeble when Kennedy has been enrolled. However, there still have many difficulties to overcome if a young inside man want to shake the reign, because the number of  Klan's membership had reached its peak.

     Kennedy was so smart that he finally found the Achilles' feet of the "evil dragon": some specific publishers. By leaking the secret password of program, the mystery organization started to lose its power and fallen into an irreversible decline. This is the influence from "power of  information", which actually undermined the foundation of Klan.

     The author also says the same mechanism affect the insurance business but I just haven't finish this chapter at all, I am just trying figure out how could the internet changed the information asymmetry. And I will post my new progress if I read what is the reason the author say so.

Tuesday, February 18, 2014

Ex-Reading: Freakonomics 2

    There are so many exciting details has appeared when I finished my chapter one. The author was trying to tell us we are blind and obstinate, especially at the things we have already know. For example: blood donation. I had so many chances to donate my blood in my own country but I just simply ignored it. Because they usually offer you some foods such as cookies and gifts after after your donation. I don't like that, the more annoying thing is they force you to fill the papers, but only thing I want to have is the souvenir, some tiny, funny stuff. In my opinion, gifts are money, and I don't sell my blood for money.
 
     For most of us, moral incentive has much powerful influence than money at the public activities. For the state affairs and politics, it's a diffenrent situation. Current economy profits has became the most essential ingredient of our political system, so every group work for their benefits but they also usually deny it. Politicians are good at disguising, on the other hand, civilians are good avoid moral damage.
     Freakonomics is a book which tells some stories about how the real motives and reasons has been covered and how we been distracted. It is very excellent reading experience to me! I am keep going to connect the book and my real life

Wednesday, February 12, 2014

Extensive Reading: Freakonomics

     I just have finished the introduction and the first paragraph of chapter 1. But I have to say that it's definitely a wonderful book! Indeed, most of us would thought it is a book with obscure economy theories. A boring, charting, and academic collection of economy lessons. Moreover, therehave so many interesting stories, from political compaign to personal real estate selling.
 
 
     However, as the author said, "this isn't a book about the cost of chewing gum vs. campaign spending per se..." What this book is about is "tripping". By revealling the truth, it will show you how the real economy works in everyone's life instead of telling you A caused B. You would find some "common sense" isn't valid as well as it used to be and some  incredible reasons finally appeared, which are invisible or puny things around you.
 
I am keep trying to read more at this week and hope to grasp some excellent moments from this book to share with your guys.