Chapter XVI: Defining Performance

Why is performance important in analytical research? Remember, our goal is to create generalized theories based on known assumptions. The word “performance” is the most adequate in the context of the research.

Performance is also related to productivity. In Economics, we define productivity as the quantity of output created by given input. Instead of applying this on a firm, we apply this to individuals, comparing thus the individual like an firms, with similar attributes.

In Economics,  there are three components when calculating the productivity of a firm. Production, cost and revenue. What are the equivalents for an individual?

Firm Rational Self-Interest Good or Services Time, Labour, Capital
Individual Rational Self-Interest Projects, Money Time, Energy, Mood

An Individual’s Attributes

Mood Energy
Emotion Mindpower
Consumption Production
Time Activity
Money Good & Services
Stamina
Energy Activity
Mood*

Mood is an Independent variable. It is irregular but can be predicted.

Consumption Production
Reading Writing
Eating Cooking
Running*
Listening Talking
Driving

Composing music produces something, so that means playing music is consuming the composer’s music. But playing music in a concert hall in front of thousands is producing, so each spectator consumes the music.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s