Building something no one else can measure
added by sari · updated 2y ago
Building something no one else can measure
We optimize for proxy metrics, because we don’t have a more accurate way to measure goals. In education, we seem at best capable of measuring test scores, not actual aptitude. In media, we use time spent as a proxy for customer value.
from Metrics, Incrementalism, and Local Maxima by Andrew Kortina
sari added
- Unfortunately, metrics have an awfully hard time representing human goals. We humans are messy, fuzzy things, and often our goals cannot be reduced down to one or even a few quantifiable metrics.
from DAOs, Tokens, and Goodhart's Forest
sari added
- Finding the right metric
Ted Merz, who used to be the Global Head of News Product at Bloomberg, has an insightful article about how the company's founder (Mike Bloomberg) uses metrics as a management tool. One metric that is prominently displayed around the office on TV screens is the number of Bloomberg terminals sold year-to-date.
This single numbe... See moreandrea added