Friday, June 29, 2007

Review of "Freakonomics"

I read through Freakonomics, which I found highly entertaining, but I'm not sure there was that much of relevance from that book for our context. I guess the main thing I concluded is that if you are clever and work hard enough at it, then you can get a lot of real-world answers by analyzing numbers and data. Here are some questions that came to mind as I read the book that might be interesting to investigate. Maybe Rick Froman or Doyle Butts could have their classes take up some of these topics?

1) What factors in our IDEA evals seem most correlated to high overall evals? Why? Does that match what national data would say?
2) Does staff or faculty merit pay make a difference in terms of actual performance at JBU? Why or why not? Ditto for the national comparisons.
3) Do our students cheat? Why and to what extent?
4) Is our faculty pay scale correlated to teaching performance? (I already know the answer to this one, and it's clearly "no" with perhaps our highest performing cohort being our lowest paid group, female Instructors and Assistant Profs without terminal degrees.) Ditto for our staff pay scale.
5) Using the "happiness compensation" scales I've seen, how happy are our people and why?
6) Which factors REALLY matter in bringing students to JBU?

The list goes on. If you're interested in getting a taste of this "economics for the real world" approach, here's the Freakonomics blog site - http://www.freakonomics.com/blog/. And if you're interested in a rejoinder from John Lott, Jr., one of the main scholars with whom Levitt disagrees on a whole host of issues, see this review of Freedomnomics in The American - http://www.american.com/archive/2007/june-0607/john-lott-loaded.