#ai #epistemology #rationality #ai-alignment # Related - [[en.wikipedia.org - Goodhart's Law - Wikipedia]] - [[Bell inequality]] - [[Strong self sampling assumption]] - [[Safety]] - [[Thermodynamics]] # [[Epistemic status]] #shower-thought Last modified date: 2022-12-27 08:08 Commit: 2 # Goodhart's law Goodhart's law is an economic principle which states that **when a metric or indicator used to assess the performance of an economic policy becomes a target for that policy, it ceases to be an effective metric**. This law was named after British economist Charles Goodhart, who first formulated it in 1975. It has since been used to explain the ineffectiveness of certain economic policies, and to suggest that policymakers should be wary of relying too heavily on a single indicator to measure the success of their policies. Goodhart's law is important because it warns policymakers of the dangers of relying too heavily on a single indicator or metric when making economic decisions. It emphasizes the importance of considering the wider context when designing economic policies. >When a measure becomes a target, it ceases to be a good measure - https://openai.com/blog/measuring-goodharts-law/ - https://en.wikipedia.org/wiki/Goodhart%27s_law