I love this piece. It evokes the well-known idea that "we shape our tools, and thereafter our tools shape us," drawing attention to the concept that digitally represented information serves as an observer's or machine's recorded testimony of a physical or cognitive system.
What is the value of that?
Language alone, or in this case, information, does not dictate our actions. However, there is persuasive power inherent in language — specifically, language that exposes the subjective gains individuals aim to achieve through their actions, often influencing individual behavior.
There exists an unexplored connection between our contemporary understanding of data and praxeology.
Precisely. The study looks to be a cross-sectional (snapshot) representation of a population. A more interesting study would be a longitudinal study to understand how an observer's opinions change on the matter over time. Those are unfortunately more expensive.
KPIs aren't the issue; it's how businesses use them. Think of it like flying a plane without gauges—it's risky and uncertain. The risk of stalling or getting lost increases. Good KPIs are like helpful plane instruments. Some may seem unnecessary, but the focus should be on the essential ones. KPIs are just measurements. The problem is businesses not being explicit in their direction and selecting the right measurements to reach those goals. You rely on measurements every day, don't stop now.
What's the crash rate per mile for Tesla vehicles in production? Compare that to the crash rate per mile for the rest of the market and you probably have a better measurement. A more informed headline.
Feel pretty good about it. Read some non-technical books like "Wealth of Nations" to zoom out to the big picture of value exchange if you're feeling disillusioned by crypto. Philosophy can be a remedy.