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APA
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Business & Marketing
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Essay
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English (U.S.)
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Bus530 Discussion Mod 1 Initial Post Top of Form

Essay Instructions:

One of the few books about economics to hit the New York Times bestseller’s list was Freakonomics by Levitt and Dubner. The book was so popular they even made a movie about it. The specialty of the authors, Steven Levitt and Stephen Dubner, is applying economics to unconventional, controversial, or sometimes even downright bizarre topics. Some praise them for bringing economics to a wider audience, while others criticize them for not tackling serious issues or for delving into overly controversial areas.
So, what’s all the fuss about? Take a look for yourself by viewing some of their videos from YouTube, including clips from their movie, or take a look at some articles on their blog. The links are below:
https://www(dot)youtube(dot)com/user/FreakonomicsVideos/playlists
http://freakonomics(dot)com/category/freakonomics-blog/
Choose one of the videos or blog articles that you find most interesting, and share the link with your classmates. Discuss some of the following issues based on what you have viewed or read:
1. What did you find interesting about the video or article that you found?
2. Did you find anything from any of the videos or articles that might help you understand some concepts from the class, or is their stuff "too odd" or "too far out there" to be useful for this class?
3. Overall, what is your impression of Levitt and Dubner? Silly? Interesting? Other?

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BUS530 Discussion MOD 1 Initial Post
NameCourse
InstructorDate
1 What did you find interesting about the video or article that you found?
The video cautions against relying too much on statistics and expert opinions when making predictions about football players’ likely success. In particular, there is focus on predicting stats in the NFL where it is more difficult when there are outliers such as Cam Newton who is a quarterback. Furthermore, considering experience and character provides insights on how best to evaluate the likelihood of the football player succeeding. Despite Newton’s being billed as one of the best, he had few experiences as starter in division I football and this means there is no clear understanding of his strengths and weaknesses at the top level (Freakonomics Videos, 2011).
2. Did you find anything from any of the videos or articles that might help you understand some concepts from the class, or is their stuff "too odd" or "too far out there" to be useful for this class?
From the video there is emphasis on going beyond conventional wisdom and what is considered rational in analysis to make better predictions. Access to more information is useful to inform the decision makers, and the more diverse the sources of information, the ...
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