Clearer Thinking with Spencer Greenberg cover image

Clearer Thinking with Spencer Greenberg

Measuring everything that matters (with Doug Hubbard)

May 22, 2024
Doug Hubbard, an expert in decision theory and risk analysis, discusses the art and science of measurement. He explains why measuring intangibles like love and financial decisions can enhance our understanding and outcomes. Hubbard addresses the common resistance to measurement and introduces the 'Value of Information' concept. He argues for the power of algorithms over human intuition in decision-making, while also emphasizing the necessity of calibration training to refine our predictive abilities. Tune in for insights that could transform how you approach decisions!
01:12:41

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Measuring everything with observable consequences is valuable, challenging the idea that some things are immeasurable.
  • Measuring complex concepts like love requires identifying observable consequences and understanding their meaning.

Deep dives

Quantitative Measurement and Observable Consequences

Measuring things is crucial as observable consequences make quantification possible. Doug Hubbard discusses how even indirect measurements, like those in physics, are valuable. He challenges the notion that some things are immeasurable, suggesting that clear observable consequences pave the path to measurement.

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