A fraternity’s budget includes broken windows, liability insurance, chili dog breakfasts, and the occasional $40,000 DJ. Zachary Crockett crashes the party. SOURCES:Anthony Anderson, member of the Sigma Alpha Epsilon fraternity.Danielle Logan, owner of Fraternity Management.Charlie O’Neill, member of the Sigma Alpha Epsilon fraternity.Stephen J. Schmidt, professor of economics at Union College. RESOURCES:"If Student Deaths Won't Stop Fraternity Hazing, What Will?" by Ben Kesslen (NBC News, 2021)."Social Animal House: The Economic And Academic Consequences Of Fraternity Membership," by Jack Mara, Lewis Davis, and Stephen Schmidt (Contemporary Economic Policy, 2018)."How Fraternities Exacerbate Inequality," by Jillian Berman (MarketWatch, 2017)."18 U.S. Presidents Were in College Fraternities," by Maria Konnikova (The Atlantic, 2014).Inside Greek U.: Fraternities, Sororities, and the Pursuit of Pleasure, Power, and Prestige, by Alan D. DeSantis (2007). EXTRAS:"Freakonomics Radio Goes Back to School," series by Freakonomics Radio (2022).