This article points out that Freakonomics and The Tipping Point disagree on the causes of the reduction of crime in New York City in the mid 90's.
desireearmfeldt gave me a copy of the latter book for Christmas, and I'd previously borrowed the former from
firstfrost. In both cases I felt like I was reading something rather like a business book. That said, Freakonomics
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"Levitt's book is Edward de Bono for the green eyeshades set. I am wholly suspicious of this outpouring of creativity on the part of economists, rather as I would suspect and fear a sudden outbreak of interest in stochastic calculus among teachers of modern dance."
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Maybe the blogger mentions it in parts 1 or 2, but I found Ariel Rubinstein's review to be more on-target with respect to the shortcomings of the actual book.
(Also, for the non-statisticians, the blogger has gotten mixed up in a couple of places in trying to describe endogeneity, referring to it as an independent variable being correlated with the variance of the error term, which doesn't actually make sense. (It should just be "correlated with the error term.") It's a strange mistake, since they clearly know what they're talking about otherwise.)
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-Burt Metcalfe
As I recall, you were one of the believers of that statement... ;-)
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Freakonomics is certainly written in a popular style, but it isn't nearly as anecdotal in nature as a business book usually is. (Incidentally, it wasn't written by real economists. It was written by a real economist and a journalist.)
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I don't see Levitt's theory and Gladwell's theory as mutually exclusive; they merely deal with different time frames. I do think they share the feature of shaky statistical foundations; perhaps the best way of thinking of them is as two small parts to some big whole, much of which is still unexplained.
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