Thursday, 24 March 2016

TOPICS (The Global Eye) Quality - Quantity (Adriano De Maio)

This century seems to be characterized by a dominant quantitative approach.
Most part of the observations, discussions, surveys, debates, must be integrated by data and quantitative assessment. If not, they look as if inconsistent not being supported by quantitative data and for that reason “objective”. Subjectivities, characterizing the qualitative evaluations, are considered insignificant and seem to have the right to citizenship, or almost exclusively, for "artistic" considerations (but also in this case, as we shall see, sometimes quantitative logic comes out) and, therefore, they appear questionable (and, so far, it is legitimate) and, above all, lacking of substance and value.
If not reported within its proper limits, the "escalation" of this quantitative approach is misleading and can lead thinking and acting especially for the younger generation.
The purpose of this brief note, is not to underestimate the power of the quantitative approach, still essential and often allowing the evolution of knowledge and stimulating in-depth research and analysis, inventing, designing and employing equipment, instruments and innovative applications. The aim is to propose a critical discussion on the limits of the quantitative approach, showing that in some cases, not related to engineering and/or scientific aspects and issues (on a common sense basis) are focused on qualitative and subjective assessments and, therefore, the objectivity characteristic is completely wrong.
Measurement, which is the basis of any quantitative approach, has always represented a key factor in human life, especially for relationships with others. Qualitative measures (i.e. strength, beauty, intelligence, dexterity, etc.) which ensured a particular role in the community, have been replaced by quantitative measures, linked either to very practical aspects (such as the size of a plot of land and a building) or a speculation cognitive factors (consider e.g. the astronomical sight for ancient civilizations), or, in many cases, both possibilities (i.e. time measurement).
One of the most positive aspects of the quantitative approach is that it allows a comparison for time and space that qualitative approach doesn’t, because it is not only closely related to personal assessments and therefore subjective, but also related to the specific situation (hic et nunc - here and now).
The use of tools and algorithms is another key important factor that is not allowed by a qualitative approach, conveyed according to ordinal numbers and not to cardinal ones (first-second, better-worse and not 1,2,3 ...). On the other hand, within a qualitative approach you cannot develop operations, only with logical rules and for discussion and mutual relations, bound by strictly defined rules (it is obvious that if A is greater than B and also C is greater than B, nothing can be said of the relationship between A and C).
I do not know whether it is natural or not, but it is easy to note that, almost always, by observing children’s behavior, there is an inclination to compare, evaluate, “measure”.  
Expressions lie more beautiful, stronger, smarter, as well as more productive, easier to grow, etc.: in everyday life, in the economy, in sports competitions, in wars, in literary contests, and so on, evaluation is always related to measurement. Quite often this kind of evaluation is leading to discover some elementary laws (as I recall, Piaget said that the effect of the formula “speed = space / time” is sensed differently by children. Space and speed are perceptible faster and easier than space and time) and this is linked to “hic et nunc” (here and now). In different conditions of space and time, the comparison is very difficult, if not impossible. Unless measuring methods allow the comparison at different times and in different environments. This is, in my opinion, the greatest strength and importance of "quantitative logic" and also its main benefit. In many fields of activity, in research, in knowledge improvement, in quality of life change, in medicine, in human relations, in art (the tekne - Greeks) progress was, still is and will be, impossible without the adoption of quantitative logic.
Together with quantitative approach always coexisted the qualitative one, where subjectivity, context’s situation, interrelation between contexts (there are no closed systems) and discretion of the trial are the basics.
Consider the example of the proportions of the Venus of Milo, that represented a landmark for a long time, but in any case limited to a particular civilization, and within a determined time frame.
In my opinion the difference of the two approaches is given by the method that is adopted for the evaluations and comparison. The quantitative method follows strict rules, though, changed and improved over time, and allows a comparison data based on the same method. For the qualitative assessments, the method, even when it is made explicit (e.g. school or vote given by the judges during some competitions, such as diving, gymnastics, figure skating, boxing – unless there is a knock-out - the foul in football and other sports, without mentioning more relevant contexts such as judgments in court), is still highly subjective (the teacher, the juror, the judge, etc.) and, therefore sometimes it is reasonably contested.
Considering different time lapses, benchmarking become meaningless. It was mentioned before the feminine beauty, but what about the "quality of life" related to different factors like poverty index, education and so on? We could reduce or even eliminate all subjectivity and "inaccuracy" if we could move from quality to quantity valuation-measure. That's exactly the aim of this discussion. In common sense the number sets the objective.
And yet, is this passage always legitimate? Doesn’t it hide perhaps subjectivity broader than qualitative evaluation, broader because hidden and, as such, leading to mistaken and inappropriate decisions?
The scope of this note is to highlight and discuss the possibility of identifying a meta-method (what Edgar Morin called the "knowledge of knowledge") allowing the identification of some rules for a proper transition from qualitative to quantitative and confirm or disconfirm these steps.
The reason for this debate is due to the fact that the quantitative method is becoming more and more pervasive. In fact as soon as you write a number it becomes true regardless of: It sometimes generates decisions with substantial consequences, never emphasizing their subjectivity and without considering and amending the initial error committed.
Big data, excellent for many applications, are unquestioningly increasing significantly positive rating of this approach since its early age. The spread of this approach through mass communication tools make the quantitative culture increasingly pervasive. As many artists, poets and writers have anticipated scientific discoveries in their mind (i.e. Jules Verne) bringing also to practical experiments (one name above all, Leonardo Da Vinci), on the issue we are trying to highlight now, perhaps Orwell and Huxley were right, for example.
This might be an overstatement, but sometimes drama is useful.
To provide a starting point for discussion/to start the discussion, we have to stimulate some considerations on the quantitative method, analyzing two aspects: the metric and the modeling first and then moving on to some examples where the question on the legality and opportunity of the transition from qualitative to quantitative seems still appropriate.
First of all we must clarify the metric concept.
The metric, though little known, is the most critical aspect of all quantitative assessments, that bases and qualifies the evaluation as objective.
The conditions of this presumed objectivity are based on the following principles:
-          First of all we must be aware that any measure is conventional, and must be commonly accepted and shared by all those who, in different roles and in different grades, participate to the same measurement;
-          the unit of measure and its measurement system should be defined and outlined (such as the metric system, well known, but not universally adopted). For different systems you need to decode and transform them from one system to another (e.g. from kilogram to pound, from meter to yard). The definition and control of the correct unit of measure is one of the most critical and most difficult aspects: for example time measurement must constantly be controlled by sophisticated metrology institutes (i.e. INRIM Institute in Italy, that has absorbed the former Galileo Ferraris Institute, known to all elder people, since was giving the official "time signal"). Whereas in case of money, its measurement unit has been considered a problem/opportunity where all financial and economic policies of different governments has been based (and still is). The devaluations (or revaluations) are a clear example of conversion’s change from one currency to another: exchange rate between the different monetary units. When coins were in use, the presence of different amounts of precious metal brought to appreciation or depreciation of the currency itself. Also in the primitive forms of barter the same problems took place, although in a different portion. The examples are endless;
-          The equipment is the flip side of the measure’s unit. Without established, certified and shared equipment (the standard meter, the past "certified" scale, stopwatch, speedometer, etc.), measurement and its comparison with the benchmark remain without any objective legitimacy;
-          Another element to consider is the procedure of the measurement. In many measures in the physics filed it is well known that, for example, the presence of the phishing detection system modifies the reality. Therefore the measure depends on the method you take the measure itself. For instance, recently people opinions in surveys started to become indicators and objective measures, even though affected by the way a question is formulated. But, even without going to extreme cases like the one mentioned before, the measurement procedure must be controlled and, above all, clarified and communicated in an effective and sheer manner. In the scientific-technical field measure is considered unreliable without these elucidations.
-          Once you take the measure, the issue is the interpretation of the data. Each data reading is affected by what is technically defined noise. The step from instrumentations and analogic measures to digitization one is closely related to noise reduction, associated with the signal reading. Again it is necessary to clarify the terms of validity of the data itself because nothing is free from noise. Furthermore we have to add the semantic noise, linked to disorders of the noise and subjective interpretation. For example, the same observation can be interpreted as a call affectionate or as an insult that needs to be revenged. Any verbal message is conditioned by the tone of voice, the punctuation, and so on. But also more objective data (for example the relationship between the EU and Greece) depend on the way they are communicated. Not to mention the data communication face-to-face in which non-verbal communication conveys information as important as the data itself. But also the data communication in table form or in graphical form  can convey  information received in a radically different way. The growth or decline of a market, GDP, employment and so on, represented in a graphical form can lead to different interpretations. Therefore data interpretation is closely linked to the terms of communication and presentation of the data itself.
-          Finally, it is necessary to specify and define the eligible term for the data manipulation or, rather, which operations (arithmetic, for example), or comparisons, or associations, are allowed.
These are the fundamental elements to deal with measures in the proper sense and to use quantitative methods.
But how much of all above mentioned is clear and respected when using data and quantitative methods to situations and assessments that come out from situations not closely technically defined?
This not to mention pseudoscientific valuations that are failing to comply the characteristics of science. Starting from trivial cases and easily criticized as "post hoc ergo propter hoc" considerations linked to ethical, ideological, political to explain, or even worse, to provide some solutions and propose specific measures. Not to mention areas called "scientific", also of major importance, but which have nothing to do with science, even without citing the falsifiability principle which is one of the key factors in any scientific approach. The most common examples, in which you can open an strong argument, concerns many statements of economic "rules". How many times have you considered the expected results with the ones actually obtained and then evaluated the differences?
This is the main critical aspect this note would like to highlight.
All of the above (and we have examined only the most relevant features) is essential in order to speak of a proper quantitative approach. In all other cases, it must be properly said that using numerical formulations only because the writing is a quantitative way of extreme synthetic potential to transfer a message. A formula can be written in a few lines, while his explanation sometimes requires pages. If this is the main motivation, all right, we have to understand each other, but when they are expected to give a character of objectivity to any statement, just because you use a numerical formulation, pseudo mathematics, then it makes a big mistake and mislead people. Apart from the fact that, even in the most correct cases, some doubt (or not objectivity) still remains.
Our hypothesis is that this serious error occurs every time that people are involved, with their inevitable degree of subjectivity, where you have to deal with the fundamental values of people, with the objectives, more or less explicit, which is the basis of the data itself, with prejudices and history of the individual or the entire communities, with more or less accidental camouflage, of data and specific situations.
Hence the distortion that a predominantly quantitative approach can lead not only in the daily life, but also in the most important political decisions of public governments at various levels, in strategies and business decisions in educational curricula.
With this regard we need to introduce another argument related with what we mentioned before, that allows to better illustrate the merits and defects of the quantitative approach.
First of all we must say something about modeling. Usually we have to build a reality model to understand better a situation and, in particular, to make a decision. It’s often unconsciously done, especially for simple situations and for insignificant or repetitive decisions, but when we have a complex system, then the construction of the (or a) model of reality becomes essential.
Now we look at the key features of a model, illustrating some aspects that will provide additional elements to the purposes of these notes.
-          To build a model must be clearly defined the purpose you want to achieve. This feature is shared by the quantitative approach. You can use geometry because you need to define the extension of a field, as well as the number’s evaluation of the resident population, for example, because you want to charge a tax; statistic was created to satisfy the knowledge of the population and so on. But, of course, considering the technological or scientific aspects, the preliminary identification of the aims is intrinsic to the problem itself. The key, however, concerns the necessity or not that the goal and the result should be red in quantitative approach. It is not said that all models require a sorts of quantification.
-          The model is always a selective adaptation of reality. This is perhaps the key to all the modeling approach, because, beyond the fact that the selection criteria are determined by the objective (and present obligations), the decision to discriminate "relevant" aspects to those irrelevant is highly subjective unless there are not conventional theories that provide a guideline. This allows us to point out that the model is not reality: making an example of food, looking at the menu (model) we choose the dish to eat based on a hypothesis of transfer what is written on the menu to the plate that we are served.
-          The rules that connect together the many aspects are an another fundamental aspect. The knowledge (or assumptions) of the rules allows us to wonder what will probably happen if the action is taken on a factor rather than another and the related effects .
-          We can build the model to improve the knowledge, but also to make decisions. The model’s  formalization is so important as long as the decisions are relevant. Therefore it is important to identify alternative lines of action. The formulation of alternatives is closely related to individuals who are appointed to build them. Then the experience, the knowledge, the imagination, comes out as highly subjective factors. The options to solve the refugees’ problems is a clear example. Thus if the alternatives are few and "poor" it is useless to hope that the solution can be effective and efficient.
-          The mode of the achievement of the best considered alternative (and also in this case the evaluation of what can be referred as best is left not always to a quantitative measure) or, when the model was built for in-dept analysis, the way to disclose (or keep private) the discovery is the same.
-          Finally it must be highlighted and built the system control. In other words the way to verify if the model "works", if the alternative choice (in the case of decision models) has produced the desired results or if the discovery made is strong enough and thus can be considered not only an hypothesis. In both cases you have to architect the verification and validation’s system and the rules that allow you to rectify any flaw. The defects can be related to any one of the above mentioned features and, therefore, the modifications must be able to assist all major aspects, even by the choice of targets, as have proven to be unrealistic (i.e. not reached with the present context situations) .
These two premises may seem extremely long, but without these you are not able to figure out where a quantitative logic is useful and essential or instead where it proves poorly suited or even distorting.
Afterwards we will bring significant cases that we hope lead to a debate in which there is no a priori nor bias.
A few cases will be examine where the transition from qualitative to quantitative should generate at least some doubt, and there are also other instance where the same manipulation of quantitative data, correct from a formal point of view, can lead to misjudgments.
Very often it can be observed, both in the press and on documents or analysis made by qualified people, the emphasis of percentages, sometimes detailed by graphics to make it better understand the importance.
The percentage is surely an "objective" data, allowing that the starting point is correct, but can be misleading if not completely understood. For example by measuring the variation of something (production, gross domestic product, margin, debt, etc.) of a period (month, quarter, year, etc.) without at the same time show the absolute of that information is not completely correct. It is likely to show a phenomenon incorrectly, especially for those who are technically naive. You cannot compare percentages among them. Let’s consider only two situations, among the many possible. The increase of a percentage value compared to a previous period says only that the trend line is positive, but says nothing about the fact that the phenomenon which is referred became positive. If, for example, the previous quarter had a reduction, related to the previous quarter, of higher value in absolute terms of the percentage increase of the last period referred to, the absolute value is still lower than that of two previous periods and, therefore, the recovery is far from being achieved. And this is absolutely obvious, but how often this aspect is emphasize? Therefore is more important the percentage of comparison between different periods or the absolute value? Surely this is a significant comparison and, as mentioned before, it shows undeniably an important trend, a phenomenon to be aware of, but at the same time doesn’t bring out the absolute value and this can be misleading. Since often these data become references to the enormous part of population, to achieve the favor (or not), you could say at worst, that it is a misleading advertising.
Other times data are correct and comes out in absolute, but it covers a number of subjects which diverges from case to case. Remember when we talked about GDP growth of China that exceeded all other nations, without specifying (which took place immediately after), that this information, even if true, was not showing the actual state of the economy, because non relate it to the existing population.
It has been shown that adopt a quantitative method allows to compare different situations in time, in space and also from the content’s point of view. For instance the specific school evaluation. We judge students according to different numbers (from 1 to 10, 1 to 30 etc.). This is a magistral simplification and very helpful.
It allows to compare outcomes in completely different disciplines, at different times, in different schools, as it allows the use of elementary operations such as sums, averages, even subtractions and divisions. But the question remains on the deeper meaning of such system/but which is the deeper meaning of this system? Obviously it is hard to think in a different ways, but this depend on the variety skills of the evaluators such as time, as places. However, for example, for different territories the final evaluations of a certain cycle of studies have a high value, while, using other parameters, it is evident that the data, probably absolutely correct in the comparison of students belonging to the same school or at the same territory, are hardly comparable when the universe is extended? This can work only if the evaluators (or assessment system) is absolutely uniform and controllable. Otherwise, the quantitative data is not true. When those who have to use the school "product" is not subject to public entities procedures, in addition to the final grade, like private institution, they evaluate from where you are coming, without considering that, for positions with strong commitment and responsibility, the final assessment depends on individual interviews and other evidence. In fact in many countries you can even find the belonging school name on the business card. If the quantitative data were "objective" would you need this information? Not to mention that even the single vote is the attempt to shift from a quantitative to a qualitative, where in the algorithm is totally subjective. There are some teachings and some methods of examination that lend themselves better than others in this measurement, but in other cases it can arise many doubts. And what about the "average" of the votes in which all disciplines are considered "equal", but they are required different skills and different commitment to fully understand some topics? And what about the critical skills that should be a fundamental element of the student’s growth: how do you quantify it? Just because the comparison it is simple and the data can be easily manipulate, then the quantitative assessment has its own reason for being. The simplicity and not the objectivity is the real reason. That's why a good teacher prefer the interview to the written test, to understand the way of thinking of the candidate.
We have dwelt at length, perhaps too much, on the criteria for school evaluation not only for the long years of draftsman’s work in the schools, but because, since childhood, quantitative logic is introduced as an element of safety and objectivity and then it remains as a term of reference.
Remaining at school field, are we sure that the valuation rules for the academic career, based on a logical and quali-quantitative, are really effective? Now it cannot be made a motion of ecological salvation of the plants, since the printed paper is reduced (but not always and not for all institutions), but the amount of writings is sufficient to overcome any human capacity for critical reading. Write less to write better, this should be an absolute principle. But this goes against the quantitative logic.
It is not convenient to discuss the evaluation criteria for the universities, the subject of controversy and fierce discussion, and even systems of evaluation of different schools from the university, not to mention the teachers. The motivations and aims are right: those who might oppose/face on a substantial assessment? But too often the executive procedure betray the purposes and basic principles. By “ope aegis” we all have many years of experience and, unfortunately, the skepticism of many, it is well worth. On the valuation of educational institutions, precisely on the universities, we will talk later, not much for specific application cases, but mainly discussing scoreboards and similar systems.
Today we propose a logic which has never been considered. One of the most effective ways to assess whether a product is quality or not, is based on the judgment of those who use the product. A company can say whatever he wants on the products, unless it is an obvious fake, and advertising is very important to influence potential customers: otherwise the whole industry would disappear with large problems of employment and GDP. But if then, there is no touch with reality, in the end, for sure, the results could not be positive.
Promote or encourage is correct and required, but the verdict is to the customer, including the assessment of the promotion. I definitely don’t want to compare a school to a company, but there are some common aspects. The evaluation of the "product" by the final customer seems to be one of these. One assessment factor, not the only one, is the user of the school itself. And users are manifold: next school (or class), the job market (excluding the public administration where is licit to doubt the ability of evaluation), the student (better after a few years), the family.
I have always said that the Italian university exceeds for a positive evaluation as long as their students, are accepted or even demanded by the leading foreign universities and successful companies. The quality and success of a school is mainly given by the success of its graduates, PhDs and not by other criteria like self-certification and so on. For sure criteria and methods (such as PISA), are useful in providing a guideline, but only affect the acquired skills, which are important but not unique. The school should also provide other tools: curiosity, critical thinking, research and study, responsibility, risk-taking, the capacity to work with others, respect for different opinions, the ability to analyze and synthesis, matching "two cultures", the capability to use the technology, without being overwhelmed. These are the main factors that should indicate the quality of a school.
Are we sure that criteria and assessment procedures ensure these features? Perhaps are these more qualitative than quantitative?
With reference to the choice of indicators these arguments lead to a very broad issue which could open a very large source of debate.
For instance, what does it means "quality of life"? Over time the number of studies, research, investigations have been increased. For example some of them lead to the ranking of cities, countries, regions, according to their "quality" of life for the populations. But no one ever asked why, in some or many cases, there is a transmigration to sites with higher quality? (We exclude the migrants situation for whom quality simply means survival and think only to the citizens who have no constraints or regulatory barriers for changing citizenship or residence). Are we quite sure that the indicators are correct or are they important only to enable drafting reports and articles in the newspapers? Referring then to what was previously written about the conditions under which a metric can be considered correct, many doubts arise about the validity of units’ choice, the equipment used, the measurement mode, the way they were weighed the various factors. For each of them a careful examination allows us to conclude that, in most cases, these indices appear to be, at least, refutable. What about periodic surveys about the livability in a city over another? Are we confident that people of a city considered "less livable" prefer to move independently of the available job, services, and other factors all "quality"?
Another example that we want analyze is the wealth (or poverty) rank of a specified region. It's very difficult if not almost impossible to define wealth and poverty of a population, territory, community except in extreme cases where poverty is so obvious as is not to require special surveys; you could probably say that poverty and wealth should be related to the ability to satisfied the needs, starting from basic ones. In that regard, you must consider the aspects linked to the two basic premises of any quantitative logic: the metric and modeling.
In this case, which are the relevant variables related to the model? Are they true for every situation or, on the contrary, are they related to the specific context, since the needs are those perceived and these depend on the particular situation in which you find yourself? Poverty and wealth are then measured only in terms of money? And the unit of measure is not affected by the conditions of life, for example living in the cities or in the countryside, where you can have a vegetable garden, an orchard, a small domestic breeding, are perhaps the same thing? Even after work, instead of watching television, dig a vegetable garden, collect firewood, make preserves seems to be an acceptable alternative? And, in such case, to have a power equivalent, the required amount of money is equal? At one point, not so remote, were abolished the so-called "wage cages" through which they tried to establish, even approximately, the different cost of living according to the territories considered and, therefore, you could be established a salary equivalent to the different types of employment and commitment. Surely there were many flaws, but were the goals so wrong?
This is an example, and perhaps not the most significant "macro" indicator. Similar considerations can be advanced for most of macroeconomics’ indicators. When these indicators are based on the perception of respondents (chosen, of course, with "objective" criteria) then the question of a lack of significance of the data at the conclusion of the survey becomes almost certain. Without going to these extreme cases, when you lead to the quantitative explanation of certain phenomena, most of the time is not mentioned how you reach to these results (metric and model adopted), except perhaps to insiders. In other words, do you have the opportunity to criticize the basic method adopted? It would be a matter of seriousness, not to mention about science. But then it says clearly that the data is far from objective. This should make us reflect on the limits of validity and the usability of the data itself. For example, the proportion of graduates in the population says very little: an improvement occurs when you specify the type of degree earned (and where), but in any case, even when the data are more significant, is not enough to indicate the real capacity economic development, technological, entrepreneurial of a particular territory or country.
The GDP and important indicators such PRODUCTS must be questioned. But when you rely on such indicators to define the economic, industrial, investment, then caution should be even greater and the doubts should be deepened. This leads to think about issues that are subject to economic and political constraints of our days. I think it is legitimate to ask how precise quantitative constraints such as the 3%, the maximum debt of 60% and others, have been defined. Which models are based? What are the "laws" that, respecting these parameters, a country could be promoted by the international community? The forecast at the macroeconomic level have not always given good results. Recall, for the sake of completeness, that forecasts often are based on the story and that, in this case, the hypothesis is that there is no change of laws. But that the laws are invariant, regardless of dynamic, unpredictable, context, it seems to be overly apodictic statement. In any forecast, then, even the most reasonable, given the available knowledge, is given a fork of reliability. Instead you have established a rigid and precise value of the parameters to be followed, it means that, according to the forecasts of those who called themselves the parameters, you should conclude that only by respecting these constraints, you can have a development and if even you leave, there will be a catastrophe, sanctioned, for another, the political community in order to accentuate the negative. The naïve question could be: "why 3% instead of 3.3, for example?”
Other two aspects should be highlighted. The first is the lack of data synchronization that should be coordinated. The recent data controversy, on the one hand to the IGC and the other to the level of unemployment, shows a lack of harmonization for collecting data that should be easily comparable and provide a reliable indication to figure out whether you are moving or not on the right path. The second aspect concerns the reliability of the data. Recently we analyzed the expenses of foreign tourists in different Italian regions. At first glance it was possible to note an evident discrepancy with respect to what might be expected. The level of income of southern regions has been well below the forecast and in some cases lower than some northern regions that have less appeal for foreign tourism. Luckily for the Lombardia area there is the EXPO effect, but the question is: could be that for most of the expenses the payment off the books are much more widespread in the South than in the North? Also here it would be interesting to bring out and understand the metric used. It can goes on and on with macroeconomic examples, from percentage of investment in R & D to GDP, on training at various levels on the index of corruption, the efficiency of justice (especially civil), on territorial competitiveness, not to mention the vexed quaestio of so-called rating agencies on which the controversy and allegations are wide-domain and on which you do not want to discuss here. Now is the time to move on to some examples of micro-economic.
The basic example is represented by the balance sheet.
It’s clear that the budget is a model of business operation and, like all models (v. above) is a simplification of reality, which are only consider certain factors and not others. Then when you build indicators from the financial statements and these indicators are in turn the basis for other algorithms, this means that you are using a "template model" and there are no limits to this succession. It then becomes clear that there is detaching more and more from reality and that, although they represent phenomena and significant aspects, you are not able to understand reliable which will be the future development of the company. What risk acceptance have vertices (and the property, if not spread)? How to behave with respect to innovation? What is the business climate? What are the core competencies on which you can play in the future? What is the perception that suppliers, competitors, customers have about company? All these are essential issues, along with the balance sheet, in order to judge a company. But how many of these elements are evaluated by financial analysts? How many bubbles in the stock market we have seen in the past, and the last few days? But they are strictly implemented all regulations, national and international, to certify the accounts? We have not had to adopt increasingly sophisticated methods of risk analysis, with relevant quantitative parameters?
But, then, what is the meaning of subdivision quarterly, in memory of an old peasant culture based on the seasons? In some cases, see for example the management of complex projects, even in the annuity division is against the structure of the project, which has its own intrinsic timing, so you have to "jump" to adjust the actual performance of the project to the balance logic.
-tech market, is represented by the staff. How do you consider this aspects? Ultimately, the whole system based on budgets and indicators of financial character, (to evaluate for example the convenience of an investment) is based on the fact that, in most cases, the goal, as claimed authoritative studies, is the maximization for shareholder, which means the prevalence of a vision on the short term. But should the company be the main aim of any management? And is the life of the company that should be preserved and not the benefit to shareholders. Perhaps for this reason healthy and profitable companies have decided not to go public, probably (is my guess) not to be subject of financial analysts, whose "assessment" (?) influence the value of the company. But what should you say about the stock market fluctuations, in which the media give explosive titles: burned tot billion in one day (but almost never is called "generated" tot billion in a stock market bubble). But where was the true wealth? Only paper and bets by investors, while it’s hardly based on the actual production of a good or service effectively.
More valid judgments were given about the empire paper based on nothing. Too bad that these observations are not considered, and re-emerge only in the periodic meltdowns. Is the used model relevant to the reality? And how can they still boast those who have attested to the validity of financial statements (fake) corporate and even whole states (compare the declaration of validity of Greece's budget during its EU accession!)
These considerations lead to the mentioned before matter: the lack of feedback: what are the achieved results in relation with those expected? And is good the model that is being adopted ?
I don’t want to talk about the forecast, almost never nailed since they don’t consider (and could not) behavior of individuals and their reaction to trends, real, imagined, or artfully emphasized for the economic situation of a country, a bank, a company. It’s too easy to say this forecast could happen exactly in that way only after the fact. I almost never saw eminent "scientists" who explain the reason why the forecasts have been dramatically refuted: It's too easy to show that it could not happen other than what actually happened. Let's still confidence in these "predictions"? On what are based? (v. as mentioned in the introduction).
Let’s no longer deal with the economic word, both macro and micro, to avoid dwell excessively.
I remember that when I was a student (engineering, whose design is based, necessarily, on the approach and quantitative methods) I was lucky enough to have very good teachers and a broad culture. One of their favorite aphorisms was as follows. "One of the laws always effective is the data torture law” which could be summed up as follows: a data, tortured enough, tells you exactly how much you want to say." Is it just a joke?
Another case is worth considering, because it moves away from a lot of what we learned so far: a few years ago, when you went to a doctor, he was, in the majority of cases, auscultated, palpated, you had to provide a thorough history (unless it was the family doctor) and the doctor gave his diagnosis requiring further examination or not through appropriate analysis. Now, sometimes, the patient hardly exists: we examine analysis of all types and are more numerous and specific is much better. The analyzes were required to verify the correctness of a diagnosis, to check the progress, which was obtained according to a certain therapy. Today, often, the analyzes are required in order to make a diagnosis. But the patient is not shaped through laboratory testing. The culture of the quantitative data means that it is the patient that asks the doctor to prescribe analysis: in some cases if the doctor places limitations on the analysis, the patient changes doctor because not "scientific" enough. The number, really impressive, of medical analysis related to patient, is a clear demonstration. But how much does it cost this perverse behavior?
There is one final aspect which necessarily must dwell. Having stated that the referred examples want to be only illustrations of quantitative distortion, and this aspect is tremendously dangerous, which is only mentioned here since this require a long and depth coverage: the democracy.
What matters in democracy is the majority, that is always a quantitative figures. But this approach is valid always and for each topic or you can or should be some limits?
Let’s stop here.
At the end, you must reiterate the objective of the beginning: the note has the only primary aim to open a discussion. The quantitative approach is a powerful method that, in many branches of knowledge and in different applications, has been the method par excellence. But in numerous other cases it may be limiting, and sometimes absolutely distorting. The humanities, ethics, the ability to synthesize. Creativity, intellectual curiosity, the innovation, beauty, represent an obstacle to correct this over-expansion. In many cases you are not able, often, to propose today alternative routes, but consider the problem is already one step ahead.
Wherever man interferes, with its passions, and its values, with his sensitivity, his intelligence, his mood also contingent, it can hardly speak a quantitative and effective approach. The art, philosophy, innovation, feelings, values, ways of being, are not attributable to a model, they are not measurable. That is why it is dedicated space to clarify what it means to measure and model, to verify that, in many cases (one could say in all cases in which it intervenes man) as it has already been said, not only are not useful or used, but they can also be highly harmful.
The culture is definitely moving more and more towards a quantitative approach, designed as "objective" and therefore better than any other way of behavior. Is it an unstoppable trend, or can you stop? We talk about, not always in the way, of humanoid robots, but are we thinking of robotic men? This sort was envisaged for the science fiction, but was also showing the dangerous distortions.

This is being definitely overdramatic,  but perhaps probably best dramatize.

No comments:

Post a Comment