Saturday, January 28, 2006

Freakomonics - Vaunted but Flawed

Although I generally avoid books on the NY Times bestseller lists, my interest in economics and statistics led me to read Freakonomics. I found it an enjoyable, easy and quick read. Since my undergraduate was in lab psychology, I have strong abilities in economics, e.g., International Economics Honor Society member, and in finance, e.g., disturbed the curve in my first MBA-level course in finance and scored highest in large classes for tests of mathematics, the application of statistics and economics to social issues was both intriguing and something I did quite often. My own dabbling in such relationships finds interesting correlations between GINI coefficients, economics outcomes with various national cultural qualities.

As with The Bell Curve, the book was insightful and flawed, even more so than the former, since it often assumed correlation was causation, and the breadth of its tested variables was less than comprehensive.

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