Tag: oodhart’s law
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Goodhart’s Law: The One Rule That Explains Half of What Goes Wrong With AI
In 1975, the British economist Charles Goodhart made an observation about monetary policy: any statistical regularity the Bank of England tried to steer by tended to collapse as soon as it was used for steering. Banks adapted, the indicator lost its meaning, and the policy chased a ghost. The anthropologist Marilyn Strathern later compressed the…