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Your question is quite vague, but if you're asking for two more examples of how economic theories can be applied to social issues, here are two:
1. The "Broken Windows Theory" suggests that visible signs of disorder and misbehavior in an environment encourage further disorder and misbehavior, leading to serious crimes. This theory has been applied in various cities for urban development and crime reduction.
2. The "Prisoner's Dilemma" is a standard example of a game analyzed in game theory that shows why two completely rational individuals might not cooperate, even if it appears that it is in their best interests to do so. This has been applied in various fields like business strategy, political science, and even in understanding climate change negotiations.
Remember, these are just examples and the application of economic theories to social issues is a vast field with numerous examples.
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In the world of sumo wrestling, an individual wrestler's ranking determines every aspect of his life. Rankings are determined by the number of wins at bimonthly tournaments. Studies have found that, in a 15-round tournament, an unusually high number of wrestlers with a 7-7 record go on to win in their final bout, enabling them to advance. The author theorizes that economic incentives could be involved, as higher-ranked wrestlers are bribed to throw a fight in favor of a competitor who would otherwise not advance. However, in the tight-knit sumo community, where the stakes for winning or losing are high, there are also strong moral and social incentives for the higher-ranked wrestlers to assist those at risk of falling back in the rankings.
Asked on the following book summary:
Author Steven Levitt, working with journalist Stephen Dubner, shows how economic theories can be used to analyze social issues. Each of the six essays...
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