¿What is the Goodhart’s Law?
Goodhart’s Law states that individuals can anticipate the effects of a policy when evaluating the outcome of its actions, thus manipulate the policy.
When the focus is set in only one measure, people starts focusing on optimizing that single measure.
A nice example, at least for us sitting behind a monitor, it the so called “Cobra Effect”. In India, the government offered money in exchange for each dead Cobra that was turned in, to reduce the abundance of loose cobra snakes on the Indian streets. At first, the policy...Read More »