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How to Measure Anything — LessWrong

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Douglas Hubbard’s How to Measure Anything is one of my favorite how-to books. I hope this summary inspires you to buy the book; it’s worth it. The book opens: Anything can be measured. If a thing can be observed in any way at all, it lends itself to some type of measurement method. No matter how “fuzzy” the measurement is, it’s still a measurement if it tells you more than you knew before. And those very things most likely to be seen as immeasurable are, virtually always, solved by relatively simple measurement methods. The sciences have many established measurement methods, so Hubbard’s book focuses on the measurement of “business intangibles” that are important for decision-making but tricky to measure: things like management effectiveness, the “flexibility” to create new products, the risk of bankruptcy, and public image. A measurement is an observation that quantitatively reduces uncertainty. Measurements might not yield precise, certain judgments, but they do reduce your uncertain

x How to Measure Anything — LessWrong Planning & Decision-Making Book Reviews / Media Reviews Value of Information Anticipated Experiences Bayes' Theorem Bayesian Decision Theory Decision theory Simulation World Modeling Practical Frontpage 122 How to Measure Anything by lukeprog 7th Aug 2013 26 min read 55 122 Douglas Hubbard’s How to Measure Anything is one of my favorite how-to books. I hope this summary inspires you to buy the book; it’s worth it. The book opens: Anything can be measured. If a thing can be observed in any way at all, it lends itself to some type of measurement method. No m

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