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January 24, 2013

The book Freakonomics tries to teach us to question “conventional wisdom”. Conventional wisdom must be simple, convenient, comfortable, and comforting–though not necessarily true. The author, Steven Levitt, shows us many examples of how conventional wisdom pacifies us with a simple and believable answer that closely matches our expectations.

What’s wrong with conventional wisdom?

Conventional wisdom promises us a simple cause and effect answer to a situation. People often notice correlation between factors, and there are many potential causal links between those factors. Sometimes the link that is pushed as the explanation might just be forced up less informed people by “information asymmetry”. This asymmetry is essentially the result of people being experts in certain fields, so therefore they have more information on those subjects.


From → Books

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