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#84 Gardening Platforms and the Future of Open Ecosystems with Alex Komoroske

Boundaryless Conversations Podcast

NOTE

Goodhart's Law and the Use of Proxy Metrics

The interest of individual members in a collective system differs from the collective goal. Emphasizing a single metric can lead to fraud and manipulation, especially if there are no real consequences tied to the metric. Clever participants can exploit loopholes and innovate the metric without impacting the underlying reality. Using a portfolio of metrics and check metrics can help reduce these effects. Long-term outcomes are important, but difficult to measure directly, so proxy metrics are necessary to steer based on long-term goals.

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