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Goodhart’s Law

Few people recognise this quote: “whenever a government seeks to rely on a previously observed statistical regularity for control purposes, that regularity will collapse”. But it’s actually the original formation of Goodhart’s Law, as described by economist Charles Goodhart. Thankfully, the law was simplified by anthropologist Marilyn Strathern beyond the world of statistics: “when a measure becomes a target, it ceases to be a good measure.”

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