Goodhart's law - Wikipedia, the free encyclopedia
may 2010 by rtlechow
"Although Goodhart's law has been expressed in a variety of formulations, the essence of the law is that once a social or economic indicator or other surrogate measure is made a target for the purpose of conducting social or economic policy, then it will lose the information content that would qualify it to play such a role. The law was named for its developer, Charles Goodhart (a chief economic advisor to the Bank of England)."
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may 2010 by rtlechow
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