Goodhart's Law

03/02/2025 5 min

Listen "Goodhart's Law"

Episode Synopsis

Goodhart's Law is an economic principle named after economist Charles Goodhart, which states that "when a measure becomes a target, it ceases to be a good measure." In other words, when a metric or indicator is used as a target for performance evaluation or incentivization, individuals or organizations may manipulate the metric to achieve desired outcomes, undermining its reliability and effectiveness as a measure of performance.
When a measure becomes a target, it ceases to be a good measure 🎯📉
For more mental models, please visit www.mentalmodelsdaily.com

Get the full list at https://tinyurl.com/mentalmodelsdaily

Follow us:
X: @mindmodelsdaily https://x.com/mindmodelsdaily
Instagram: @mentalmodelsdaily https://www.instagram.com/mentalmodelsdaily/

Youtube: https://www.youtube.com/@MentalModelsDaily/podcasts
Spotify: https://open.spotify.com/show/1f0qi12saeBEJmtnjOSszg
Amazon Music: https://music.amazon.co.uk/podcasts/6da552cf-1714-45ce-b302-7c6c69386fc3/mental-models-daily
Apple Podcasts: https://podcasts.apple.com/gb/podcast/mental-models-daily/id1754257683
Castbox: https://castbox.fm/channel/Mental-Models-Daily-id6203840?country=us
iHeartRadio: https://www.iheart.com/podcast/269-mental-models-daily-189536773/

Our Podcast music was provided by The Podcast Host and Alitu: The Podcast Maker app.

More episodes of the podcast The Mental Models Daily Podcast