Eponymous Laws
A related doctrine known as Goodhart’s law, after the London School of Economics professor who proposed it,38 holds that once policy makers begin to target a particular variable, it may begin to lose its value as an economic indicator. For instance, if the government artificially takes steps to inflate housing prices, they might…
Some highlights
Nate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
Stupidology | William Davies
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