“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.”
Quote by Steven Levitt
Work
Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
Freakonomics is a groundbreaking work that uses economic analysis to explore a wide range of subjects, from cheating in sumo wrestling to the impact of parenting on IQ. The book challenges conventional wisdom and offers a fresh perspective on how economic principles influence various aspects of life. more
Author
Steven Levitt
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. more
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