Performance index

Performance index (a.k.a. network index) measures one or more dimensions of activity of one or more Economic agent: it measures its/their economic performance. Performance index can be any computed value of a network, anything that can be measured, registered, computed. It turns a series of such informational events (performance) into a purely information based commodity: anything that can be perceived as value can be articulated as an economic event. The measurement of a performance is a vector: a scalar associated with the specific logic from which it is generated (its logical dimension). A performance index represents the compression of the information of the performance into a numerical index. This compression can take many forms, such as a performance event counter, an average, a mean, or even derivatives measures, such as speed or acceleration. Specific performance index values may represent economic events themselves, and as such they can be utilized to create new composite performances and indexes. Economic spaces contain a wealth of information that can be utilized to create performance indices/metrics. The available data readily includes not only all data about tokens and their performances, but also all data about network organizations and their performances (material progress, governance, stakes, cleared credit, realized state changes, agents and their behaviors, what has been accomplished). Indices give economic agents the capacity to make sense of information and guide their behavior. They offer a capacity to enact new social priorities; to author futures in cooperation with others; to set incentives and attractors (temporal, indexical measures) for collaborations to occur and make them self-sustaining; it allows economic agents to collectively value intangibles and other values, make them collectively sensible, visible & recognized as valuable, put them into operation, circulation, and organize, regulate & incentivize social behavior around their production.

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