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GDP is an easy to calculate metric. Everyone here knows what happens when an easy to calculate metric becomes a target.
by aaron-santos 6y ago
GDP is an easy to calculate metric. Everyone here knows what happens when an easy to calculate metric becomes a target.
- qznc 6y agoIs "easy to calculate" a necessary property? Is it ok to use a "hard to calculate" metric as a target?
- aaron-santos 6y agoNo, it is just casual word choice. The audience here, being mostly compsci oriented, likely consider metrics like happiness or fulfillment incalculable, when it is more precise to label them as latent as opposed to observable variables.