Description
Efnisyfirlit
- How to Measure Anything
- Contents
- Preface to the Third Edition
- About the Companion Website
- Acknowledgments
- About the Author
- Part I The Measurement Solution Exists
- Chapter 1 The Challenge of Intangibles
- The Alleged Intangibles
- Yes, I Mean Anything
- The Proposal: It’s about Decisions
- A “Power Tools” Approach to Measurement
- A Guide to the Rest of the Book
- Chapter 2 An Intuitive Measurement Habit: Eratosthenes, Enrico, and Emily
- How an Ancient Greek Measured the Size of Earth
- Estimating: Be Like Fermi
- Experiments: Not Just for AduLts
- Notes on What to Learn from Eratosthenes, Enrico, and Emily
- Notes
- Chapter 3 The Illusion of Intangibles: Why Immeasurables Aren’t
- The Concept of Measurement
- A Definition of Measurement: An “Information Theory” Version
- A Variety of Measurement Scales
- Bayesian Measurement: A Pragmatic Concept for Decisions
- The Object of Measurement
- The Methods of Measurement
- The Power of Small Samples: The Rule of Five
- Even Smaller Samples: The Urn of Mystery
- Our Small-Sample Intuition versus Math
- Economic Objections to Measurement
- The Broader Objection to the Usefulness of “Statistics”
- Ethical Objections to Measurement
- Reversing Old Assumptions
- It’s Been Measured Before
- You Have Far More Data than You Think
- You Need Far Less Data than You Think
- Useful, New Observations Are More Accessible than You Think
- Notes
- Part II Before You Measure
- Chapter 4 Clarifying the Measurement Problem
- Toward a Universal Approach to Measurement
- The Unexpected Challenge of Defining a Decision
- Decision-Oriented Measurements: For Scientists, Too
- How to Get to a Real Decision
- Requirements for a Decision
- Potential Forms of a Decision
- If You Understand it, You Can Model it
- Getting the Language Right: What “Uncertainty” and “Risk” Really Mean
- An Example of a Clarified Decision
- Notes
- Chapter 5 Calibrated Estimates: How Much Do You Know Now?
- Calibration Exercise
- Calibration Trick: Bet Money (or Even Just Pretend To)
- Further Improvements on Calibration
- Conceptual Obstacles to Calibration
- The Effects of Calibration Training
- Notes
- Chapter 6 Quantifying Risk through Modeling
- How Not to Quantify Risk
- Real Risk Analysis: The Monte Carlo
- An Example of the Monte Carlo Method and Risk
- Tools and Other Resources for Monte Carlo Simulations
- The Risk Paradox and the Need for Better Risk Analysis
- Notes
- Chapter 7 Quantifying the Value of Information
- The Chance of Being Wrong and the Cost of Being Wrong: Expected Opportunity Loss
- The Value of Information for Ranges
- Beyond yes/no: Decisions on a Continuum
- The Imperfect World: The Value of Partial Uncertainty Reduction
- Perishable Information Values
- Information Values for Multiple Variables
- The Epiphany Equation: How the Value of Information Changes Everything
- Summarizing Uncertainty, RisK, and Information Value: The pre-measurements
- Notes
- Part III Measurement Methods
- Chapter 8 The Transition: From What to Measure to How to Measure
- Tools of Observation: Introduction to the Instrument of Measurement
- Decomposition
- Secondary Research: Assuming You Weren’t the First to Measure It
- The Basic Methods of Observation: If One Doesn’t Work, Try the Next
- Measure Just Enough
- Consider the Error
- Choose and Design the Instrument
- Note
- Chapter 9 Sampling Reality: How Observing Some Things Tells Us about All Things
- Building an Intuition for Random Sampling: The Jelly Bean Example
- A Little About Little Samples: A Beer Brewer’s Approach
- Are Small Samples Really “Statistically Significant”?
- When Outliers Matter Most
- The Easiest Sample Statistic Ever
- A Biased Sample of Sampling Methods
- Population Proportion Sampling
- Spot Sampling
- Serial Sampling
- Measure to the Threshold
- . . . And a Lot More
- Experiment
- An Example Experiment
- Now, More about the Meaning of Significance
- The Significance of Emily Rosa’s Experiment: A Counterfactual Outcome
- Seeing Relationships in the Data: An Introduction to Regression modeling
- A Regression Example: TV Ratings
- Parting Thoughts About Regression
- Notes
- Chapter 10 Bayes: Adding to What You Know Now
- The Basics and Bayes
- Example: Applying Bayes to Market Tests of New Products
- One More Time: A Bayesian Look at Emily’s Experiment
- Demystifying the Urn of Mystery
- Using Your Natural Bayesian Instinct
- Instinctive Bayesian Approach
- Heterogeneous Benchmarking: A “Brand Damage” Application
- Bayesian Inversion for Ranges: An Overview
- Example: Percentage of Customers Kept After a Change
- Bayes for Estimates of Means
- The Lessons of Bayes
- Myth 1: Absence of Evidence
- Myth 2: Correlation Is Not Evidence of Causation
- Myth 3: Ambiguous Results Tell Us Nothing
- Myth 4: “This Alone Tells Me Nothing”
- Notes
- Part IV Beyond the Basics
- Chapter 11 Preference and Attitudes: The Softer Side of Measurement
- Observing Opinions, Values, and the Pursuit of Happiness
- A Willingness to Pay: Measuring Value via Trade-Offs
- Putting It All on the Line: Quantifying Risk Tolerance
- Quantifying Subjective Trade-Offs: Dealing with Multiple Conflicting Preferences
- Keeping the Big Picture in Mind: Profit Maximization Versus Purely Subjective Trade-Offs
- Notes
- Chapter 12 The Ultimate Measurement Instrument: Human Judges
- Homo Absurdus: The Weird Reasons behind Our Decisions
- Getting Organized: A Performance Evaluation Example
- Surprisingly Simple Linear Models
- How to Standardize Any Evaluation: Rasch Models
- Removing Human inconsistency: the Lens Model
- Panacea or Placebo?: Questionable Methods of Measurement
- Comparing the Methods
- Example: A Scientist Measures the Performance of a Decision Model
- Notes
- Chapter 13 New Measurement Instruments for Management
- The Twenty-First-Century Tracker: Keeping Tabs with Technology
- Measuring the World: The Internet as an Instrument
- Prediction Markets: A Dynamic Aggregation of Opinions
- Notes
- Chapter 14 A Universal Measurement Method: Applied Information Economics
- Bringing the Pieces Together
- Case: The Value of the System That Monitors Your Drinking Water
- Phase 0
- Phase 1
- Phase 2
- Phase 3
- Epilogue
- Case: Forecasting Fuel for the Marine Corps
- Phase 0
- Phase 1
- Phase 2
- Phase 3
- Epilogue
- Case: Measuring the Value of Acord Standards
- Phase 0
- Phase 1
- Phase 2
- Phase 3
- Epilogue
- Ideas for Getting Started: A Few Final Examples
- Quality
- Value of a Process, Department, or Function
- Innovation
- Information Availability
- Flexibility
- Flexibility with Options Theory
- Summarizing the Philosophy
- Notes
- Appendix: Calibration Tests (and Their Answers)
- Index
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