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Proxies, heuristics, and goal alignment
Published online by Cambridge University Press: 13 May 2024
Abstract
Decision-making heuristics rely on proxies so the elements of heuristics appear to map well to the elements of proxies identified by John et al. However, unlike proxy failure, heuristics do not fail because of feedback. This may be because for successful heuristics the goals of regulators and agents are aligned, but this is not the case for proxy failure.
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- Open Peer Commentary
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- Copyright © The Author(s), 2024. Published by Cambridge University Press
References
Gigerenzer, G., Todd, P. M., & the ABC Research Group (1999). Simple heuristics that make us smart. Oxford University Press.Google Scholar
Simon, H. A. (1955). A behavioral model of rational choice. The Quarterly Journal of Economics, 69, 99–118.CrossRefGoogle Scholar
Tversky, A., & Kahneman, D. (1974). Judgement under uncertainty: Heuristics and biases. Science (New York, N.Y.), 185, 1124–1131.CrossRefGoogle ScholarPubMed
Target article
Dead rats, dopamine, performance metrics, and peacock tails: Proxy failure is an inherent risk in goal-oriented systems
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