3 ms·
Incentives in my opinion leads to Goodhart's law [1]. In fact, I will go a step further - most incentives are chosen by well meaning people. There is neither m
by N1H1L 6y ago
Incentives in my opinion leads to Goodhart's law [1].
In fact, I will go a step further - most incentives are chosen by well meaning people. There is neither malice nor incompetence going on. What happens is that every incentive can be perverted, and will be perverted over time. Over time, then that incentive, that was once chosen with good intentions, becomes perverse.
[1]https://en.wikipedia.org/wiki/Goodhart%27s_law https://en.wikipedia.org/wiki/Goodhart%27s_law
- bumby 6y agoIncompetence may be too strong of a word but I think there can be a lack of thinking about second and third order effects when the “measure becomes the target”.
- rstuart4133 6y agoI've never heard of Goodhart's law. To save others clicking on the link, it's: > When a measure becomes a target, it ceases to be a good measure. In my experience, it might actually be a useful approximation of reality.