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SURNAME 1NameInstructorCourseDateFREAKONOMICSFreakonomics is a documentary whose background is on a book written by Stephen J.Dubner and Steven D. Levitt. It determines what motivates people to do what they do and if theavailability of incentives will influence the way that they will work. The documentary is dividedinto different sections.The film starts with an example of a real estate agent and a buyer who wants to buy ahouse. The mechanism that agents make money is if the clients are able to pay the full price ofthe house. Whenever they are supposed to sell a house, they will convince the seller to settle at aprice lower than what they will be asking the buyer. Once the agent convinces the seller to sell ahouse, they can sell the house immediately. In the film, the seller wants to sell his home for$300,000. He gets an offer for $ 290,000 which the agent tries to convince him that it is the bestoffer that he will get and urges him to take it. Whenever a person quotes the price that they arewilling to sell their house for, the agent has the mandate to sell it. In the documentary, a client iswilling to sell his house for $300,000. The nearest offer he gets is $ 290,000. If the agent doesnot manage to convince the seller to take the offer and the seller decides to wait for another

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Term
Fall
Professor
N/A
Tags
Freakonomics, Steven D Levitt, Barrack Obama

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