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Decades of research in education, psychology, sociology, and health care have established that investments in human, social, and natural capital can be measured in metrics as objective as measures of time, commodities, or manufactured products. When universally uniform and accessible forms of...
Persistent link: https://www.econbiz.de/10013132470
In 1979, the Danish mathematician Georg Rasch recounted a 1959 visit with his former teacher, and later economics Nobel Prize winner, Ragnar Frisch. At this time, Frisch prompted Rasch to formalize his work in a separability theorem. Previously unnoted is that Frisch's close colleague, Irving...
Persistent link: https://www.econbiz.de/10013132627
Measurement quality is a fundamental factor in determining the cost of transactions within organizations and markets. A huge gulf separates the meaningfulness and precision of business metrics as currently achieved from the quality that has been routinely obtained for decades in research and in...
Persistent link: https://www.econbiz.de/10013074444
The vital roles of common languages, metrics, and standards in team-based innovation are well established. The historical success of science has depended extensively on mathematically rigorous, theoretically explained, experimentally evaluated, and socially distributed communications networks...
Persistent link: https://www.econbiz.de/10012943724
Markedly diverse viewpoints are in play in many varied contexts, from science to the classroom to the marketplace. Perhaps surprisingly, both divergent dissonances and convergent harmonies are routinely found together in productive real-world systems. The value of generalizable assessment...
Persistent link: https://www.econbiz.de/10013012339
Proposals for incorporating information on the quality of human, social, and environmental conditions in more authentic and comprehensive versions of the Gross National Product (GNP) or Gross Domestic Product (GDP) date back to the foundations of econometrics.Typically treated as external to...
Persistent link: https://www.econbiz.de/10013211173
We propose in this report decisive and constructive responses to critical appraisals of the Agenda 2030, the Sustainable Development Goals, and the EU taxonomy. The lack of transparency and accountability plaguing these vitally important efforts can be rectified by means of systematic...
Persistent link: https://www.econbiz.de/10013312543
Adaptive approaches to measurement and assessment have been useful in organizational science for more than 100 years. Advances in psychometric theory and inexpensive computing power have propelled the field into a renaissance for every type of construct and level of analysis imaginable. Exciting...
Persistent link: https://www.econbiz.de/10014128344
Objectives: Theory development enables the modeling of relationships in physical functioning (PF), demonstrating the practical value of measurement theory relative to predictive control of the modeled parameters. Methods. Predictive theories provide highly practical foundations for efficient...
Persistent link: https://www.econbiz.de/10014168764
Of the four major forms of capital (human, social, natural, and manufactured/property), three lack systems of standardized, uniform measuring units. Though "you manage what you measure" is a common mantra, myriad incommensurable surveys, tests, and ratings do not provide the quality of...
Persistent link: https://www.econbiz.de/10014168800