Key Concepts in Feedback Loops and Systems Thinking

Importance of Feedback Loops in Systems Thinking

• Feedback loops are critical in systems thinking, influencing fields like education, engineering, agriculture, and economics.
• Composed of various core ideas that may not be obvious without study and practice.

Components of a Feedback Loop

Measurement Time

• Actionable Insights: Must glean actionable insights from measurements and provide information to the right people who know what to do with it.
• Optimal Timing: Necessary to have the right length of time between measurement and action, varies by context (seconds for machinery, longer for economic metrics).

Human Feedback

• Integration of human feedback is crucial, no matter how 'squishy' or subjective it may be.
• Quote from Jeff Bezos: