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CNN Fareed Zakaria GPS May 10, 2015 14:46:00 - Vimarsana News

CNN Fareed Zakaria GPS May 10, 2015 14:46:00

Learned and laughed with the "freakonomics" guys. if you're not familiar with them, you should be. they have a terrific blog, a great podcast, and a series of really interesting books. it's all about using economic to explain life and the choices we all make. the title of the latest book is "when to rob a bank." and one half of the "freakonomics" duo, stephen dubner, is here to explain everything we need to know about that very important decision. let's get right into it. why is it that people -- i mean, what i was surprised by is that actually there are lots of bank robberies. there are 5,000...

CNN Fareed Zakaria GPS May 10, 2015 17:47:00 - Vimarsana News

CNN Fareed Zakaria GPS May 10, 2015 17:47:00

Embezzlement -- bank robbers earn on average about $4,000 in the u.s. per robbery. and they can expect to get arrested after only three robberies. so it's really not a career move. if you are -- we did look -- the bank robbery data was fascinating, however. times of day, days of the week. it turns out that mornings are much more successful, but the majority of bank robbers work in the afternoon. so either they're not profit maximizers they haven't studied economics, or they can't get up in the morning. i guess if they could get up in the morning, they wouldn't have to be robbing banks for a li...