Magical mix

This week’s exercise continues from last week, so each of you should complete either this or the “Measuring unmeasurable” exercise. The ‘trans-‘ catchword of the week is transaction, which I have borrowed from the seminal article of Nobel laureate Roland Coase (1937). In his paper “The Nature of the Firm“, Coase stated that the essence of any firm is to minimize transaction costs. Later this has been suggested to cover (mutatis mutandis) all partnerships and organizations. Go figure…

In principle, diversity “counts” the variation of observed items in a container. In comparison to density, diversity quantifies some other qualitative features than just volume. It is not only about size, but about characteristics. What are the important transactions that people look for? What is the range of different things in specific locations?

Like density analysis, diversity is not a single measurement but a family of measurements. It is a measure of heterogeneity and is found in many variations across disciplines. For example even the measures of entropy in statistical mechanics, or information theory, are sheer measures of diversity. An important aspect when talking about urban,  is the kind and diversity of choices that we have for daily, weekly, monthly or seasonal transactions.

Task

This week’s task is twofold:

  1. From your own study line or disciplinary perspective, figure out what is the feature of diversity relevant to good/bad urban environment?
  2. How can it be measured and/or articulated further?  How can the results of these analyses be explained? <IF NO ANSWER, GO BACK TO QUESTION 1.>

Write a short (around 500 word) blogpost in your site (post category: usp-304-studio-i). Intertwine your short discussion into Haaga and other coursework from the USP study week on Economics.

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