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#GoodhartsLaw

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@ChrisMayLA6

Over time focussing exclusively on any metric will render it meaningless - #goodhartslaw and #nicolsonslament 'hitting the target but missing the point'. The temptation will be to debauch official statistics to get there - as happened with #unemploymentdata in the #uk in the 1980s! Not to mention reported economic growth in the #GermanDemocraticRepublic in the 1970s and1980s - which ended up fooling nearly everyone!

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@ChrisMayLA6

It is easy to fall foul of #goodhartslaw and get growth figures that have lost their meaning - the experience of the last decade and a half of the German Democratic Republic is salutary! Genuine growth would go up as a result of reducing unnecessary uncertainty - for instance increasing the quality and reliability of official statistics and improving the auditing of local government - and releasing the 'animal spirits' of entrepreneurs -which could mean a change of #chancellor !

Valid #support organizations:
* pay experienced staff to review a large subset of support encounters regularly, with a focus on the work of agents with known performance issues, correcting mistakes and updating standard training as needed;
* directly link agents' performance ratings to their error rates as per the above reviews; and
* have a predefined error rate above which non-improving agents are dismissed.
If you prioritize speed rather than correctness, that's what you get. #GoodhartsLaw

Continued thread

Goodhart's law says, 'When a measure becomes a target, it ceases to be a good measure'. In the world of APIs, how do we navigate this tricky terrain? From the Cobra Effect to modern enterprise challenges, explore the intricacies of API metrics in the latest Net API Notes. #APIMetrics #GoodhartsLaw
netapinotes.substack.com/p/wha

Net API Notes · What the "Cobra Effect" Says About API MetricsBy Matthew Reinbold
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@hotdogsladies Mazel Tov. Back in 2008 I discovered the nascent Fediverse, and - being what in those politically incorrect days was called a "freetard" - I thought "Brilliant! Now I can try doing that thing Merlin does on Twitter."

A long series of lame <140 char gags later, I ultimately decided I should stick to being funny unintentionally. But I'd found a lot of good people.

Relationships beat engagement metrics every time. #GoodhartsLaw

Some things to bear in mind when you see a news article about #SharePrices rising or falling.

Share price is, nominally, a function of how well rich people expect a company to do.

#GoodhartsLaw states that "When a measure becomes a target, it ceases to be a good measure". High share prices long ago became a target, and so have nothing to do with how well a company is doing; at most, they are now a function of how rich people expect them to change. #SelfFulfillingProphecy