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Revising this paper - Essay Example

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Levitt & Stephen J. Dubner is an interesting read. It is thought provoking and offers several examples of how economic analysis can be applied to various areas of life. Levitt devotes a good many pages to demonstrating that cheating in various guises is…
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People rely more on the consequences being in their favor, even when the decision or the incentive that spurs the decision is morally wrong; in essence, it is somewhat like the ends justify the means. However, it will be wrong for us to assume that just because their thought processes and their incentives are different from our own, they are wrong. People are different from one another, with different morals and different points of views, so much so that their happiness also lies in different things; as in they pursue different forms of happiness, what is happiness to one may not be so to the other.

Thus the question arises: Can we judge people based on their incentives? In the example I liked the most, Levitt and Dubner analyze schoolteachers and sumo wrestlers. In the case of schoolteachers the incentive to cheat derives from possible pay raises, or at least job security, if their students score well on standardized tests. Levitt uses 700,000 sets of test answers from Chicago public school students. With the aid of his computer, Levitt searches for patterns in the answers to identify teachers who were changing their students answers, thus cheating to obtain their goal.

He even includes a few sample answer sheets and invites the reader to detect the cheating. At the same time, the book describes Levitts clever strategy for examining the win-loss records of sumo wrestlers; an examination that points to especially important matches being “thrown”, with the “winners” later reciprocating in less important matches, thus ensuring that top wrestlers maintain their status. Levitt says there are three types of incentives: economic, social and moral. We juggle with all types of them, and it is clear that incentives are used widely and related closely to people’s daily life.

The story of an Israeli daycare center that decided to fine parents who picked up their children late is pertinent in this regard. This action of theirs resulted in more

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