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I believe this is related to another principle in Economics called Goodhart's Law, which essentially states that as soon as something becomes a metric for measu
by thousandautumns 8y ago
I believe this is related to another principle in Economics called Goodhart's Law, which essentially states that as soon as something becomes a metric for measuring performance, it ceases to be a valid measure of actual performance. Essentially using something as a performance metric creates the incentive to game the system, inflate their values, and generally divorce the metric from the phenomenon it's trying to measure.