Quotulatiousness

May 31, 2020

QotD: Measuring what can be measured

Filed under: Quotations — Tags: — Nicholas @ 01:00

There are things that can be measured. There are things that are worth measuring. But what can be measured is not always what is worth measuring; what gets measured may have no relationship to what we really want to know. The costs of measuring may be greater than the benefits. The things that get measured may draw effort away from the things we really care about. And measurement may provide us with distorted knowledge – knowledge that seems solid but is actually deceptive.

Jerry Z. Muller, The Tyranny of Metrics, 2018.

Related posts:

  1. Metrics are merely a tool. Like any tool they can be misused.
  2. QotD: Robert Heinlein’s four “themes”
  3. Measuring Inflation
  4. Measuring productivity in the modern economy
  5. QotD: Measuring consumer surplus

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