Goodhart Law facts
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I learned about Goodhart's Law. Whenever we pick a measurement as an indicator for the economy (or for anything really), it ceases to be a good indicator. Because almost everyone is going to fudge their results to match it.
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Goodhart's Law, the principle that when a measure becomes a target, it ceases to be a good measure. For example, when a government tries to bring down unemployment figures to demonstrate how well the economy is doing, unemployment figures stop being a good measure of the economy.
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Goodhart’s Law – The Idea That When a Measure Becomes a Target, it Ceases to be a Good Measure
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I learned about Goodhart's Law. Whenever we pick a measurement as an indicator for the economy (or for anything really), it ceases to be a good indicator. Because almost everyone is going to fudge their results to match it.
