5min chapter

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Rationally Speaking #240 - David Manheim on "Goodhart's Law and why metrics fail"

Rationally Speaking Podcast

CHAPTER

Is Scientific Progress Slowing Down?

There are multiple important phenomena going on where for example one is like lost purposes and confusion over what a metric should be. A different phenomenon is adversarial game theory where people have different incentives and will respond by serving their own goals instead of the spirit of the law. One mechanism is this kind of adversarial dynamic which isn't really central to Good Heart's Law like the Nail Factory in the Soviet Union. Two is the kind of vague goals and underspecified goals making it difficult to figure out what metrics to set in an organization for example. Three is just coordination difficulties where maybe you have... It's clear what goal you're trying to pursue as the head of the company but it's

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