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AnnaSalamon comments on Issues, Bugs, and Requested Features - Less Wrong
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What if we had a score for the average of a person's best 20%? There'd still be a bit of penalty for commenting on an old thread, or posting something unpopular, but it'd be smaller.
Creating a complex system of rewards is a standard management problem, leading to unhealthy amount of attention turned towards gaming the system. In this tradeoff, a simple inaccurate system may be better than a supposedly more accurate, but complex and theoretically unsound one.