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It's a problem everywhere, from bad KPI's to public policy. We have a bias towards metrics that are easy to measure. It's much easier to measure large effects
by initplus 5y ago
It's a problem everywhere, from bad KPI's to public policy. We have a bias towards metrics that are easy to measure.
It's much easier to measure large effects on a single metric, than small effects distributed over a wide range of metrics. Concentrated effects that affect one individual/org/group are favored over distributed effects that affect everyone. There are so many examples of policies where this thought process has been applied.
- AstralStorm 5y agoNot even easy to measure, just ones that feel like having big impact, unpredictable timing and are not cumulative. That's not a terrible heuristic as black swan events do happen, but then again common risks need to be optimized for too.