Measuring everything that matters (with Doug Hubbard)

What this episode covers

Read the full transcript here. • Can we measure everything that matters to us? When is measuring the correlates of a thing pretty much just as good as measuring the thing itself? Why are some people resistant to measuring certain things? What are some things people should be measuring but aren't? What's the connection between measuring things and assigning probabilities to events? How much do we know about how well human intuition performs against "doing the math"? How inconsistent are we at applying our own principles in decision-making? What kinds of calibration training are effective? What is "value of information"? What is the Rule of 5? What are the top three things we can do to improve our decision-making? • Douglas Hubbard is an author, consultant, and recognized expert in decision theory and risk analysis. He has written several books on measurement and measuring risk. His work spans various industries including insurance, finance, pharmaceuticals, aerospace, military, energy, government, tech, and nonprofit organizations. Connect with Doug on LinkedIn (https://www.linkedin.com/in/dwhubbard/), email him at [email protected] (mailto:[email protected]), or learn more about his work at hubbardresearch.com (https://hubbardresearch.com/). • Further reading • How to Measure Anything: Finding the Value of Intangibles in Business, by Douglas Hubbard (https://www.amazon.com/How-Measure-Anything-Intangibles-Business/dp/1118539273) • Applied Information Economics Academy (https://hubbardresearch.com/training/) (Doug's online calibration training) • Innumeracy: Mathematical Illiteracy and Its Consequences, by John Allen Paulos (https://www.amazon.com/Innumeracy-Mathematical-Illiteracy-Its-Consequences/dp/0809058405/ref=sr_1_4?crid=I3APCZCI7L8F;keywords=numeracy+paulos;qid=1702738550;s=books;sprefix=numeracy+paulo%2Cstripbooks%2C220;sr=1-4) • Clearer Thinking's "Calibrate Your Judgement" tool (https://programs.clearerthinking.org/calibrate_your_judgment.html) • Fatebook (https://fatebook.io/) • Staff • Spencer Greenberg (https://www.spencergreenberg.com/) — Host / Director • Josh Castle (mailto:[email protected]) — Producer • Ryan Kessler (https://tone.support/) — Audio Engineer • Uri Bram (https://uribram.com/) — Factotum • WeAmplify (https://www.weamplify.info/) — Transcriptionists • Alexandria D. — Research and Special Projects Assistant • Music • Broke for Free (https://freemusicarchive.org/music/Broke_For_Free/Something_EP/Broke_For_Free_-_Something_EP_-_05_Something_Elated) • Josh Woodward (https://www.joshwoodward.com/song/AlreadyThere) • Lee Rosevere (https://archive.org/details/MusicForPodcasts04/Lee+Rosevere+-+Music+for+Podcasts+4+-+11+Keeping+Stuff+Together.flac) • Quiet Music for Tiny Robots (https://www.freemusicarchive.org/music/Quiet_Music_for_Tiny_Robots/The_February_Album/05_Tiny_Robot_Armies) • wowamusic (https://gamesounds.xyz/?dir=wowamusic) • zapsplat.com (https://www.zapsplat.com/music/summer-haze-slow-chill-out-house-track-with-a-modern-pop-feel-warm-piano-chords-underpin-the-track-with-warm-pads-and-a-repetitive-synth-arpeggio/) • Affiliates • Clearer Thinking (https://www.clearerthinking.org/) • GuidedTrack (https://guidedtrack.com/) • Mind Ease (https://mindease.io/) • Positly (https://positly.com/) • UpLift (https://www.uplift.app/)