Interesting Stuff Goodhart’s Law and Stupid Games - This is an amazing long-read on a common pitfall of anything that scales past Dunbar’s Number. That is, Goodhart’s Law, which states that any metric that gets measured and incentivized soon becomes a useless measure. The article starts with the US News College rankings and how they’ve been mercilessly gamed by university presidents to rank their institutions higher, but the real insight was that people use these dumb metrics to fool themselves. Metrics end up being stand-ins for values and sadly, they end with unsatisfactory outcomes, even if you win some stupid prizes.
Bitcoin Tech Talk #371
Bitcoin Tech Talk #371
Bitcoin Tech Talk #371
Interesting Stuff Goodhart’s Law and Stupid Games - This is an amazing long-read on a common pitfall of anything that scales past Dunbar’s Number. That is, Goodhart’s Law, which states that any metric that gets measured and incentivized soon becomes a useless measure. The article starts with the US News College rankings and how they’ve been mercilessly gamed by university presidents to rank their institutions higher, but the real insight was that people use these dumb metrics to fool themselves. Metrics end up being stand-ins for values and sadly, they end with unsatisfactory outcomes, even if you win some stupid prizes.