Charles Goodhart, a British economist, formulated Goodhart’s Law: when a measure becomes a target, it ceases to be a good measure. This principle guides policymakers, financial regulators, and business leaders in avoiding metric manipulation. It helps them design robust performance indicators and maintain trust in economic or organizational systems where unintended consequences could distort outcomes.
Get alerts when this topic surges in newsletters. Free to start.
Sign up freeExplore more trends:Trending Topics ·AI Trends ·Business Trends ·Finance Trends ·Technology Trends