Steven Levitt Famous Quotes & Sayings

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100 Steven Levitt Famous Sayings, Quotes and Quotation.

Steven Levitt Sayings By Steven Levitt: Wall Street is populated by a bunch of people whose primary goal is to make Wall Street is populated by a bunch of people whose primary goal is to make money, and the rules are pretty much caveat emptor. — Steven Levitt
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Steven Levitt Sayings By Steven D. Levitt: An opponent who feels his argument is ignored isn't likely to engage with you at An opponent who feels his argument is ignored isn't likely to engage with you at all. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: Knowing what to measure and how to measure it makes a complicated world much less Knowing what to measure and how to measure it makes a complicated world much less so. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: In Freakonomics, we examined the causes of the rise and fall of violent crime in In Freakonomics, we examined the causes of the rise and fall of violent crime in the United States. In 1960, crime began a sudden climb. By 1980, the homicide rate had doubled, reaching a historic peak. For several years crime stayed perilously high, but in the early 1990s it began to fall and kept falling. So what happened?
In Freakonomics, we identified one missing factor - the legalization of abortion in the early 1970s. The theory was jarring but simple. A rise in abortion meant that fewer unwanted children were being born, which meant fewer children growing up in the sort of difficult circumstances that increase the likelihood of criminality. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: When it comes to solving problems, one of the best ways to start is by When it comes to solving problems, one of the best ways to start is by putting away your moral compass. Why? When you are consumed with the rightness or wrongness of a given issue - whether it's fracking or gun control or genetically engineered food - it's easy to lose track of what the issue actually is. A moral compass can convince you that all the answers are obvious (even when they're not); that there is a bright line between right and wrong (when often there isn't); and, worst, that you are certain you already know everything you need to know about a subject so you stop trying to learn more. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: Information is a beacon, a cudgel, an olive branch, a deterrentall depending on who wields Information is a beacon, a cudgel, an olive branch, a deterrent
all depending on who wields it and how. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: So when it comes to solving problems, channeling your inner child can really pay off. So when it comes to solving problems, channeling your inner child can really pay off. It all starts with thinking small. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: The swimming pool is almost 100 times more likely to kill a child than the The swimming pool is almost 100 times more likely to kill a child than the gun is. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: Come up with a terrible idea? No problem - just don't act on it. Come up with a terrible idea? No problem - just don't act on it. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: Incentives are the cornerstone of modern life. And understanding them - or, often, deciphering them Incentives are the cornerstone of modern life. And understanding them - or, often, deciphering them - is the key to understanding a problem, and how it might be solved. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: It is well and good to opine or theorize about a subject, as humankind is It is well and good to opine or theorize about a subject, as humankind is wont to do, but when moral posturing is replaced by an honest assessment of the data, the result is often a new, surprising insight. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: So in the tradition of Poland Spring, Evian, and other hydro-geniuses, we've decided to bottle So in the tradition of Poland Spring, Evian, and other hydro-geniuses, we've decided to bottle something that was freely available and charge you money for it. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: Could any man resist the temptation of evil if he knew his acts could not Could any man resist the temptation of evil if he knew his acts could not be witnessed? Glaucon — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: The way economists see it, the chances of an individual's vote influencing an election outcome The way economists see it, the chances of an individual's vote influencing an election outcome is vanishingly small, so unless it is fun to vote, it doesn't make much sense to do so. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: Turns out that a real-estate agent keeps her own home on the market an average Turns out that a real-estate agent keeps her own home on the market an average of ten days longer and sells it for an extra 3-plus percent, or $10,000 on a $300,000 house. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: Every time we pretend to know something, we are doing the same: protecting our own Every time we pretend to know something, we are doing the same: protecting our own reputation rather than promoting the collective good. None of us want to look stupid, or at least overmatched, by admitting we don't know an answer. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: If you really want to persuade someone who doesn't wish to be persuaded, you should If you really want to persuade someone who doesn't wish to be persuaded, you should tell him a story. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: Vegans are still considered as sort of "out there," a fringe group of animal rights Vegans are still considered as sort of "out there," a fringe group of animal rights activists with pasty skin and protein issues. However, — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: it is even harder to persuade people who do not wish to be persuaded. it is even harder to persuade people who do not wish to be persuaded. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: It is understandable, therefore, that the movement to stop global warming has taken on the It is understandable, therefore, that the movement to stop global warming has taken on the feel of a religion. The core belief is that humankind inherited a pristine Eden, has sinned greatly by polluting it, and must now suffer lest we all perish in a fiery apocalypse. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: What Do Schoolteachers and Sumo Wrestlers Have in Common? What Do Schoolteachers and Sumo Wrestlers Have in Common? — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: This theory rapidly became an article of faith because it appealed to the factors that, This theory rapidly became an article of faith because it appealed to the factors that, according to John Kenneth Galbraith, most contribute to the formation of conventional wisdom: the ease with which an idea may be understood and the degree to which it affects our personal well-being. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: We'd like to bury the idea that there's a right way and a wrong way, We'd like to bury the idea that there's a right way and a wrong way, a smart way and a foolish way, a red way and a blue way. The modern world demands that we all think a bit more productively, more creatively, more rationally; that we think from a different angle, with a different set of muscles, with a different set of expectations; that we think with neither fear nor favor, with neither blind optimism nor sour skepticism. That we think like - ahem - a Freak. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: Solving a problem is hard enough; it gets that much harder if you've decided beforehand Solving a problem is hard enough; it gets that much harder if you've decided beforehand it can't be done. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: Goldstein found that on average, the people in his experiment "enjoy more expensive wines slightly Goldstein found that on average, the people in his experiment "enjoy more expensive wines slightly less. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: Parent in a retirement home is more likely to be visited by his grown children Parent in a retirement home is more likely to be visited by his grown children if they are expecting a sizable inheritance. But wait, you say: maybe the offspring of wealthy families are simply more caring toward their elderly parents? — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: Here is the broader point: whatever problem you're trying to solve, make sure you're not Here is the broader point: whatever problem you're trying to solve, make sure you're not just attacking the noisy part of the problem that happens to capture your attention. Before spending all your time and resources, it's incredibly important to properly define the problem - or, better yet, redefine the problem. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: And while it sounds bad to hear that Americans underpay their taxes by nearly one-fifth, And while it sounds bad to hear that Americans underpay their taxes by nearly one-fifth, the tax economist Joel Slemrod estimates that the U.S. is easily within the upper tier of worldwide compliance rates. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: An expert whose argument reeks of restraint or nuance often doesn't get much attention. An expert whose argument reeks of restraint or nuance often doesn't get much attention. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: I don't expect perfection, I expect excellence. I expect 100 percent effort in all you I don't expect perfection, I expect excellence. I expect 100 percent effort in all you do. — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: Experts depend on the fact that you don't have the information they do. Or that Experts depend on the fact that you don't have the information they do. Or that you are so befuddled by the complexity of their operation that you wouldn't know what to do with the information if you had it. Or that you are so in awe of their expertise that you wouldn't dare challenge them. If — Steven D. Levitt
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Steven Levitt Sayings By Steven D. Levitt: Mullaney often took the subway to visit the client. His ride sometimes coincided with the Mullaney often took the subway to visit the client. His ride sometimes coincided with the end of the school day; — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Is distinctive black culture the cause of economic disparity between whites and blacks or merely Is distinctive black culture the cause of economic disparity between whites and blacks or merely the reflection of it? — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: He found himself one night in a bar standing beside a gorgeous woman. "Would you He found himself one night in a bar standing beside a gorgeous woman. "Would you be willing to sleep with me for $1 million?" he asked her. She looked him over. There wasn't much to see - but still, $1 million! She agreed to go back to his room. "All right then, " he said. "Would you be willing to sleep with me for $100?" "A hundred dollars!" she shot back. "What do you think I am, a prostitute?" "We've already established that. Now we're just negotiating the price. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: The takeaway here is simple but powerful: just because you're great at something doesn't mean The takeaway here is simple but powerful: just because you're great at something doesn't mean you're good at everything. Unfortunately, this fact is routinely ignored by those who engage in - take a deep breath - ultracrepidarianism, or the habit of giving opinions and advice on matters outside of one's knowledge or competence. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Don't listen to what people say; watch what they do. Don't listen to what people say; watch what they do. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Perhaps the most dramatic effect of legalized abortion, however, and one that would take years Perhaps the most dramatic effect of legalized abortion, however, and one that would take years to reveal itself, was its impact on crime. In the early 1990s, just as the first cohort of children born after Roe v. Wade was hitting its late teen years - the years during which young men enter their criminal prime - the rate of crime began to fall. What this cohort was missing, of course, were the children who stood the greatest chance of becoming criminals. And the crime rate continued to fall as an entire generation came of age minus the children whose mothers had not wanted to bring a child into the world. Legalized abortion led to less unwantedness; unwantedness leads to high crime; legalized abortion, therefore, led to less crime. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: As we suggested near the beginning of this book, if morality represents an ideal world, As we suggested near the beginning of this book, if morality represents an ideal world, then economics represents the actual world. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Just as a warm and moist environment is conducive to the spread of deadly bacteria, Just as a warm and moist environment is conducive to the spread of deadly bacteria, the worlds of politics and business especially - with their long time frames, complex outcomes, and murky cause and effect - are conducive to the spread of half-cocked guesses posing as fact. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Young women in Cameroon have their breasts "ironed" - beaten or massaged by a wooden Young women in Cameroon have their breasts "ironed" - beaten or massaged by a wooden pestle or a heated coconut shell - to make them less sexually tempting. — Steven D. Levitt
Steven Levitt Sayings By Steven Levitt: If you really accept that global warming puts the world at risk, then you think If you really accept that global warming puts the world at risk, then you think you would be open to any solution that could undo it. — Steven Levitt
Steven Levitt Sayings By Steven D. Levitt: Whatever the incentive, whatever the situation, dishonest people will try to gain an advantage by Whatever the incentive, whatever the situation, dishonest people will try to gain an advantage by whatever means necessary. Or, — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: But his graduate advisor, the eminent poverty scholar William Julius Wilson, promptly sent Venkatesh into But his graduate advisor, the eminent poverty scholar William Julius Wilson, promptly sent Venkatesh into the field. His assignment: to visit Chicago's poorest black neighborhoods with a clipboard and a seventy-question, multiple-choice survey. This was the first question on the survey: How do you feel about being black and poor? a. Very bad b. Bad c. Neither bad nor good d. Somewhat good e. Very good — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: The key to learning is feedback. It is nearly impossible to learn anything without it. The key to learning is feedback. It is nearly impossible to learn anything without it. — Steven D. Levitt
Steven Levitt Sayings By Steven Levitt: The data don't lie: a Chicago street prostitute is more likely to have sex with The data don't lie: a Chicago street prostitute is more likely to have sex with a cop than to be arrested by one. — Steven Levitt
Steven Levitt Sayings By Steven D. Levitt: But wouldn't it be nice if we all smuggled a few childlike instincts across the But wouldn't it be nice if we all smuggled a few childlike instincts across the border into adulthood? We'd spend more time saying what we mean and asking questions we care about; — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: A woman's income appeal is a bell-shaped curve: men do not want to date low-earning A woman's income appeal is a bell-shaped curve: men do not want to date low-earning women, but once a woman starts earning too much, they seem to be scared off. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: But as history clearly shows, most people, whether because of nature or nurture, generally put But as history clearly shows, most people, whether because of nature or nurture, generally put their own interests ahead of others'. This doesn't make them bad people; it just makes them human. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: In the United States especially, politics and economics don't mix well. Politicians have all sorts In the United States especially, politics and economics don't mix well. Politicians have all sorts of reasons to pass all sorts of laws that, as well-meaning as they may be, fail to account for the way real people respond to real-world incentives. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: The fear created by commercial experts may not quite rival the fear created by terrorists The fear created by commercial experts may not quite rival the fear created by terrorists like the Ku Klux Klan, but the principle is the same. — Steven D. Levitt
Steven Levitt Sayings By Steven Levitt: Purity is a good mask for corruption because it discourages inquiry. Purity is a good mask for corruption because it discourages inquiry. — Steven Levitt
Steven Levitt Sayings By Steven Levitt: The gulf between the information we proclaim & the information we know to be true The gulf between the information we proclaim & the information we know to be true is vast. In other words: we say one thing & do another. — Steven Levitt
Steven Levitt Sayings By Steven D. Levitt: Resources are not infinite: you cannot solve tomorrow's problem if you aren't willing to abandon Resources are not infinite: you cannot solve tomorrow's problem if you aren't willing to abandon today's dud. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Never, ever think that people will do something just because it is the "right" thing Never, ever think that people will do something just because it is the "right" thing to do. — Steven D. Levitt
Steven Levitt Sayings By Steven Levitt: You'd be a fool or a deluded idealist to think ethics would be prominent on You'd be a fool or a deluded idealist to think ethics would be prominent on Wall Street. That is not a statement against people in the money business, just a fact. — Steven Levitt
Steven Levitt Sayings By Steven D. Levitt: Decency can push almost any interaction into the cooperative frame. Decency can push almost any interaction into the cooperative frame. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Letting go of the conventional wisdoms that torment us. Letting go of the artificial limits Letting go of the conventional wisdoms that torment us. Letting go of the artificial limits that hold us back - and of the fear of admitting what we don't know. Letting go of the habits of mind that tell us to kick into the corner of the goal even though we stand a better chance by going up the middle. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: It might be worthwhile to take a familiar question - why there is so much It might be worthwhile to take a familiar question - why there is so much crime in modern society? - and stand it on its head: why isn't there a bit more crime?
After all, every one of us regularly passes up opportunities to main, steal, and defraud. The chance of going to jail - thereby losing your job, your house, and your freedom, all of which are essentially economic penalties - is certainly a strong incentive. But when it comes to crime people also respond to moral incentives (they don't want to do something they consider wrong) and social incentives (they don't want to be seen by others as doing something wrong). — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: When Al Gore urges the citizenry to sacrifice their plastic shopping bags, their air-conditioning, their When Al Gore urges the citizenry to sacrifice their plastic shopping bags, their air-conditioning, their extraneous travel, the agnostics grumble that human activity accounts for just 2 percent of global carbon-dioxide emissions, with the remainder generated by natural processes like plant decay. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: The economic approach is both broader and simpler than that. It relies on data, rather The economic approach is both broader and simpler than that. It relies on data, rather than hunch or ideology, to understand how the world works, to learn how incentives succeed (or fail), how resources get allocated, and what sort of obstacles prevent people from getting those resources, whether they are concrete (like food and transportation) or more aspirational (like education and love). — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: The more social science we learn, the more we realize that people, while treasuring their The more social science we learn, the more we realize that people, while treasuring their independence, are in fact drawn to herd behavior in almost every aspect of daily life. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: A story, meanwhile, fills out the picture. It uses data, statistical or otherwise, to portray A story, meanwhile, fills out the picture. It uses data, statistical or otherwise, to portray a sense of magnitude; without data, we have no idea how a story fits into the larger scheme of things. A good story also includes the passage of time, to show the degree of constancy or change; without a time frame, we can't judge whether we're looking at something truly noteworthy or just an anomalous blip. And a story lays out a daisy chain of events, to show the causes that lead up to a particular situation and the consequences that result from it. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Poverty is a symptom - of the absence of a workable economy built on credible Poverty is a symptom - of the absence of a workable economy built on credible political, social, and legal institutions. — Steven D. Levitt
Steven Levitt Sayings By Derek Ridgers: When I was starting, I was very much influenced by the straight up, eyes to When I was starting, I was very much influenced by the straight up, eyes to camera style of August Sander. He is really the only one. Had I known then the work of people like Ken Russell, Vivian Maier, Helen Levitt, and Steven Berkoff, they would undoubtedly have influenced me too. — Derek Ridgers
Steven Levitt Sayings By Steven D. Levitt: That is a lethal combination - cocky plus wrong - especially when a more prudent That is a lethal combination - cocky plus wrong - especially when a more prudent option exists: simply admit that the future is far less knowable than you think. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: An expert must be BOLD if he hopes to alchemize his homespun theory intoconventional wisdom. An expert must be BOLD if he hopes to alchemize his homespun theory into
conventional wisdom. — Steven D. Levitt
Steven Levitt Sayings By Steven Levitt: I think the problem with schools is not too many incentives but too few. Because I think the problem with schools is not too many incentives but too few. Because of tenure, teachers' unions, and the fact that teachers generally aren't observed in their classrooms, they can do whatever they want in class. — Steven Levitt
Steven Levitt Sayings By Steven D. Levitt: That may not be a simple conversation. But when you are dealing with root causes, That may not be a simple conversation. But when you are dealing with root causes, at least you know you are fighting the real problem and not just boxing with shadows. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: But a mountain of recent evidence suggests that teacher skill has less influence on a But a mountain of recent evidence suggests that teacher skill has less influence on a student's performance than a completely different set of factors: namely, how much kids have learned from their parents, how hard they work at home, and whether the parents have instilled an appetite for education. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Nor should failure be considered a total loss. Nor should failure be considered a total loss. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: The best way to increase wolves in America, rabbits in Australia, and snakes in India The best way to increase wolves in America, rabbits in Australia, and snakes in India is to pay a bounty on their scalps. Then every patriot goes to raising them. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Are people innately altruistic?" is the wrong kind of question to ask. People are people, Are people innately altruistic?" is the wrong kind of question to ask. People are people, and they respond to incentives. They can nearly always be manipulated--for good or ill--if only you find the right levers. — Steven D. Levitt
Steven Levitt Sayings By Steven Levitt: Go out and collect data and, instead of having the answer, just look at the Go out and collect data and, instead of having the answer, just look at the data and see if the data tells you anything. When we're allowed to do this with companies, it's almost magical. — Steven Levitt
Steven Levitt Sayings By Steven D. Levitt: People who buy annuities, it turns out, live longer than people who don't, and not People who buy annuities, it turns out, live longer than people who don't, and not because the people who buy annuities are healthier to start with. The evidence suggests that an annuity's steady payout provides a little extra incentive to keep chugging along. — Steven D. Levitt
Steven Levitt Sayings By Steven Levitt: I do think that the standard media is controlled by the conventional wisdom about global I do think that the standard media is controlled by the conventional wisdom about global warming. We've come to believe - from reading a lot of articles and talking to a lot of scientists - that there's another side to be heard. — Steven Levitt
Steven Levitt Sayings By Steven Levitt: People don't like it, but inevitably we need to think about both the costs and People don't like it, but inevitably we need to think about both the costs and the benefits of health care. We cannot avoid the financial consequences. — Steven Levitt
Steven Levitt Sayings By Steven D. Levitt: Failure may be an option but quitting is not. Failure may be an option but quitting is not. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: And knowing what happens on average is a good place to start. By so doing, And knowing what happens on average is a good place to start. By so doing, we insulate ourselves from the tendency to build our thinking - our daily decisions, our laws, our governance - on exceptions and anomalies rather than on reality — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Were writing Freakonomics, we had grave doubts that anyone would actually read it - and Were writing Freakonomics, we had grave doubts that anyone would actually read it - and we certainly never envisioned the need for this revised and expanded edition. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Most people are too busy to rethink the way they think - or to even Most people are too busy to rethink the way they think - or to even spend much time thinking at all. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Why do so many frown so sternly at the idea of having fun? Perhaps out Why do so many frown so sternly at the idea of having fun? Perhaps out of fear that it connotes you aren't serious. But best as we can tell, there is no correlation between appearing to be serious and actually being good at what you do. In fact an argument can be made that the opposite is true. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Every big problem has been thought about endlessly by people much smarter than we are. Every big problem has been thought about endlessly by people much smarter than we are. The fact that it remains a problem means it is too damned hard to be cracked in full. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: As the Inuits say, "Gifts make slaves, as whips make dogs. As the Inuits say, "Gifts make slaves, as whips make dogs. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Why is it so important to have fun? Because if you love your work (or Why is it so important to have fun? Because if you love your work (or your activism or your family time), then you'll want to do more of it. You'll think about it before you go to sleep and as soon as you wake up; your mind is always in gear. When you're that engaged, you'll run circles around other people even if they are more naturally talented. From what we've seen personally, the best predictor of success among young economists and journalists is whether they absolutely love what they do. If they approach their job like - well, a job - they aren't likely to thrive. But if they've somehow convinced themselves that running regressions or interviewing strangers is the funnest thing in the world, you know they have a shot. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: On a per capita basis, Switzerland has more firearms than just about any other country, On a per capita basis, Switzerland has more firearms than just about any other country, and yet it is one of the safest places in the world. In other words, guns do not cause crime. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: After all, your chances of winning a lottery and of affecting an election are pretty After all, your chances of winning a lottery and of affecting an election are pretty similar. From a financial perspective, playing the lottery is a bad investment. But it's fun and relatively cheap: for the price of a ticket, you buy the right to fantasize how you'd spend the winnings - much as you get to fantasize that your vote will have some impact on policy. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: The impulse to investigate can only be set free if you stop pretending to know The impulse to investigate can only be set free if you stop pretending to know answers that you don't. Because the incentives to pretend are so strong, this may require some bravery on your part. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Prediction," as Niels Bohr liked to say, "is very difficult, especially if it's about the Prediction," as Niels Bohr liked to say, "is very difficult, especially if it's about the future. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Just Like Canada, with Better Bacon Just Like Canada, with Better Bacon — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: What sort of signal does a college diploma send to a potential employer? That its What sort of signal does a college diploma send to a potential employer? That its holder is willing and able to complete all sorts of drawn-out, convoluted tasks - and, — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Many of life's decisions are hard. What kind of career should you pursue? Does your Many of life's decisions are hard. What kind of career should you pursue? Does your ailing mother need to be put in a nursing home? You and your spouse already have two kids; should you have a third?
such decisions are hard for a number of reasons. For one the stakes are high. There's also a great deal of uncertainty involved. Above all, decisions like these are rare, which means you don't get much practice making them. You've probably gotten good at buying groceries, since you do it so often, but buying your first house is another thing entirely. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: If you are willing to confront the obvious, you will end up asking a lot If you are willing to confront the obvious, you will end up asking a lot of questions that others don't. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Morality, it could be argued, represents the way that people would like the world to Morality, it could be argued, represents the way that people would like the world to work, wheareas economics represents how it actually does work. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: It has long been said that the three hardest words to say in the English It has long been said that the three hardest words to say in the English language are I love you. We heartily disagree! For most people, it is much harder to say I don't know. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: The fact is that solving problem is hard. If a given problem still exists, you The fact is that solving problem is hard. If a given problem still exists, you can bet that a lot of people have already come along and failed to solve it. Easy problems evaporate; it is the hard ones that linger. Furthermore, it takes a lot of time to track down, organize, and analyze the data to answer one small question well. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: To Borody and a small band of like-minded brethren who believe in the power of To Borody and a small band of like-minded brethren who believe in the power of poop, we are standing at the threshold of a new era in medicine. Borody sees the benefits of fecal therapy as "equivalent to the discovery of antibiotics." But first, there is much skepticism to overcome. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: By the time most people pick up a parenting book, it is far too late. By the time most people pick up a parenting book, it is far too late. Most of the things that matter were decided long ago - who you are, whom you married, what kind of life you lead. If you are smart, hardworking, well educated, well paid, and married to someone equally fortunate, then your children are more likely to succeed. (Nor does it hurt, in all likelihood, to be honest, thoughtful, loving, and curious about the world.) But it isn't so much a matter of what you do as a parent; it's who you are — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: An incentive is a bullet, a key: an often tiny object with astonishing power to An incentive is a bullet, a key: an often tiny object with astonishing power to change a situation — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Figure out what people really care about, not what they say they care about. Figure out what people really care about, not what they say they care about. — Steven D. Levitt
Steven Levitt Sayings By Steven D. Levitt: Information is the currency of the Internet. As a medium, the Internet is brilliantly efficient Information is the currency of the Internet. As a medium, the Internet is brilliantly efficient at shifting information from the hands of those who have it into the hands of those who do not. Often, as in the case of term life insurance prices, the information existed but in a woefully scattered way. (In such instances, the Internet acts like a gigantic horseshoe magnet waved over an endless sea of haystacks, plucking the needle out of each one.) The Internet has accomplished what even the most fervent consumer advocates usually cannot: it has vastly shrunk the gap between the experts and the public. — Steven D. Levitt