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Goodhart's law
THE TRAP: SEEKING THE WRONG GOAL System behavior is particularly sensitive to the goals of feedback loops. If the goals—the indicators of satisfaction of the rules—are defined inaccurately or incompletely, the system may obediently work to produce a result that is not really intended or wanted. THE WAY OUT Specify indicators and goals that reflect
... See moreDonella H. Meadows • Thinking in Systems: International Bestseller
Lots of us have heard about the tragedy of the commons: When people share a resource but don’t own it, everything goes to hell because they don’t care.
Robin Chase • Peers Inc
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.
DAOs, Tokens, and Goodhart's Forest
Too Much Of A Good Thing
This is known as an inverted-U curve:
In their paper, Too Much of a Good Thing, the psychologists Adam Grant and Barry Schwartz reveal the inverted-U-shaped relationship between nearly everything of consequence. Rooted in the ancient philosopher Aristotle’s famous concept of “the golden mean”—“happiness and success are a fun... See more
This is known as an inverted-U curve:
In their paper, Too Much of a Good Thing, the psychologists Adam Grant and Barry Schwartz reveal the inverted-U-shaped relationship between nearly everything of consequence. Rooted in the ancient philosopher Aristotle’s famous concept of “the golden mean”—“happiness and success are a fun... See more
SIX at 6: The Inverted-U, Killing Pleasure, The Goldilocks Zone, Too Much Cake, Immigrants To Wealth, and Enough
good numbers don't mean good impact. We can hit every target and still harm the system we operate in.