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Think Like a Freak

summary ofThink Like a FreakBook by Steven D. Levitt, Stephen J. Dubner

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You’ll learn

  • How thinking like a Freak helps tackle problems
  • Why thinking small is the best
  • The power of saying “I don’t know”
  • How to motivate people to do what you need
  • Why giving up isn’t that bad

first KEY POINT

The only way to facilitate change is by thinking like a Freak

Many people need to work together toward one goal when solving large-scale issues. You probably think that’s impossible.

Human nature makes us prioritize self-interest over the greater good, which affects all our decisions.

The truth is any change requires a shift in thinking. We must think rationally and creatively — like a Freak — to get insight into the world’s processes and try to fix the most pressing problems.Steven D. Levitt and Stephen J. Dubner suggest a new way of thinking with an economic approach. It’s free of biases, based on data, and simple to adopt. According to them, understanding incentives is the first step to deciphering and solving an issue. We must also understand where to look for relevant data to unravel the complexities of our world.Unfortunately, a lot of facts we accept as common knowledge are wrong. Therefore, we must question what we know to prevent biases from influencing our decisions. Another barrier to rational thinking is believing that if things are related, one must cause the other.Sometimes, agreeing with your social circle is easy, especially on complex or controversial issues. Who wants to argue about the local-food movement with their in-laws? However, a herd mentality is an enemy of change, which we’ll discuss later.This summary offers advice on thinking like a Freak, whether you’re solving minor daily problems or global issues. Of course, you must be ready to face downsides when these strategies lead to disagreements. However, lingering difficulties require new solutions. So hop on and start thinking like a Freak!

second KEY POINT

Admitting your faults is a crucial part of progress

Many believe the hardest thing to say is to confess love, but saying “I don’t know” is much more challenging. People don’t want to admit not knowing something, especially in business and politics.Sometimes, it’s impossible. When multiple factors affect an issue, you have to guess which ones had an impact and which were coincidental. You must predict the future by filling in the gaps in knowledge with guesswork. A study by CXO Advisory Group revealed that stock market predictions were around 50% correct.No one, including the experts, knows everything, so why do we hide it? Again, we choose our reputation over the greater good. Appearing smart is a powerful incentive.

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first KEY POINT

Don’t waste time addressing the symptoms

second KEY POINT

Know what motivates people to elicit action

third KEY POINT

Pick people who want to work with you

fourth KEY POINT

Don’t give up, except when you should

fifth KEY POINT

Conclusion

About the author

Steven D. Levitt is the University of Chicago's economist and co-founder of the Center for Radical Innovation for Social Change. Stephen J. Dubner is a journalist and radio host. They are co-authors of the Freakonomics series.

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Frequently asked questions

What is 'Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain' about?

'Think Like a Freak' by Steven D. Levitt and Stephen J. Dubner encourages readers to challenge conventional wisdom and rethink their approach to problem-solving. The book uses engaging anecdotes and real-world examples to illustrate how thinking differently can lead to innovative solutions.

What are the key takeaways from 'Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain'?

Key takeaways include the importance of curiosity, the value of questioning assumptions, and embracing failure as a teaching tool. The authors emphasize thinking creatively about challenges and using data to inform decisions, ultimately promoting a mindset shift for better outcomes.

Is 'Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain' worth reading?

Yes, 'Think Like a Freak' is widely regarded as a valuable read for anyone interested in improving their critical thinking skills and understanding economic concepts. Its practical insights and engaging storytelling make it relevant for a diverse audience.

How many pages is 'Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain' and when was it published?

'Think Like a Freak' has approximately 256 pages and was published on May 27, 2014. This makes it an accessible read for those looking to gain insights without a substantial time commitment.

Who are the authors of 'Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain'?

The book is authored by Steven D. Levitt and Stephen J. Dubner, the same duo behind the best-selling 'Freakonomics.' Their combined expertise in economics and storytelling enriches this guide on innovative thinking.