By Anna Cristina D'Addio and Divya Sharma, GEM Report, and Frank Reichert, Hong Kong University
In a world without measurement, everyday tasks would lack precision and reliability. From baking a cake with the right amount of ingredients to managing finances, measurement helps ensure accuracy, maintain consistency, and make informed decisions. We now attempt to quantify happiness, gauge the state of political rights and civil liberties, and assess the overall quality of life and education through indicators. But there's a catch: while these measurements provide invaluable insights, they often overlook context.
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