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Steven Levitt Quotes

Economist

Steven Levitt, born on May 29, 1967, is an accomplished economist from the United States. His research in economics spans various fields, including criminology, labor economics, public policy, and market behavior. Levitt is known for his unique perspective and empirical research methods. His book 'Freakonomics' has gained widespread popularity, offering an insightful look into the application of economics in everyday life and public policy.

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Famous Steven Levitt Quotes

“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.”

“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”

Thinking Reality Happens Law Decision Knowing Average Tendencies Exception Governance Good Place Anomalies

Book:SuperFreakonomics, Illustrated edition: Global Cooling, Patriotic Prostitutes, and Why Suicide Bombers Should Buy Life Insurance

Source: SuperFreakonomics, Illustrated edition: Global Cooling, Patriotic Prostitutes, and Why Suicide Bombers Should Buy Life Insurance