December 14, 2015 | Leave a comment This principle is one of many in a series of principles taught by Marshall Thurber Theory There is no true value of anything By what method is value measured? By what method is value observed? There is instead a figure that is produced by application of a master or ideal method of counting or measurement. Repetition of an experiment or of a count will exhibit variation. Law of Value: Your true worth is determined by how much more you give in value than what you take in payment. Adding value Learning We need to set expectations about data. When a customer purchases something the product or service that I am ppurchasingis more valuable to me than the money I am exchanging for it. Examples No true value of the number of inhabitants within the boundaries of Detroit. A count of the number of inhabitants of Detroid is dependent upon the application of arbitrary rules for carrying out the count. Change in the method of measuring the speed of light produces a new result. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Pocket (Opens in new window)Like this:Like Loading... Related