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===[[Goodhart’s law]]=== | ===[[Goodhart’s law]]=== | ||
An excellent page of resources on [[Goodhart’s law]] to be found [https://modelthinkers.com/mental-model/goodharts-law here]. | An excellent page of resources on [[Goodhart’s law]] to be found [https://modelthinkers.com/mental-model/goodharts-law here]. | ||
Not a law of economics or sociology so much as a wry remark — professor Goodhart made it at a symposium in 1975 — that, happens to pierce modern management orthodoxy through the heart. Thus it can both spur its own real industry of academic work in sociology and systems theory, and go completely ignored in the upper tiers of corporate management. | |||
*'''Regressive''': using a single metric as a proxy to measure a phenomenon that is actually [[multivariate]] — caused by several factors. Here [[Simpson ’s paradox]] is not your friend. | *'''Regressive''': using a single metric as a proxy to measure a phenomenon that is actually [[multivariate]] — caused by several factors. Here [[Simpson ’s paradox]] is not your friend. | ||