A more subtle and standard economics book is probably more correct.
But then it would be boring and I wouldn't have read it.
A more subtle and standard economics book is probably more correct.
But then it would be boring and I wouldn't have read it.
It's more from the "interesting-if-true" school of clickbait. It popularized the "amazing counterintuitive results!" school of airport books along with Ariely, Kahneman.
(Conversely, it did have a few benefits: teaching the layman about experiment design, correlation-does-not-imply-causation, instrumental variables.)
(The most plausible-sounding counterintuitive which Freakonomics radio program (on NPR) reported was the claim that participating in the FIFA World Cup tended to reduce overall internal corruption in a country, because if the sports ministry embezzled the money or didn't hire good staff and use it effectively (or at the most basic level, pay players' wages, facilities, travel, jerseys), the country's national team would tend to get beaten embarrassingly by their peers, and the outraged populace would demand reform, not just in sports but other sectors. However, better check if that was replicable or not; it should be, because international tournaments, World Cup player strikes or scandals plus Transparency.org rankings give us "natural experiments" every 2-4 years.)
Freakonomics Radio Episode #338 "How to Catch World Cup Fever" Jun 13, 2018 https://freakonomics.com/podcast/how-to-catch-world-cup-feve...
[5m00s-onwards]" the World Cup isn’t just a gargantuan sporting event; it’s a microcosm of human foibles and (yep) economic theory brought to life."
Click on 'Read Full transcript'. In the audio, jump to 11m29s, where they talk to Stefan Szymanski, professor of economics at the University of Michigan and co-author of Soccernomics.
Also book: Stefan Szymanski, "Football economics and policy" (2010)
https://www.google.com/books/edition/Football_Economics_and_...