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How Do You Maximize Profits?
The key thing that happens when we're talking about people falling prey to Good Heart's Law is that somebody mistakes the goal, the metric for the goal. And if you don't have a clear mental model of how it is that everything relates to one another, it's hard to figure out what it is you actually want. Can I give you a few examples of phenomena and you can tell me if they count as Goodheart's law or not? This is one of my favorite ways to try to understand the boundaries of the definition of something is just throw examples at someone who understands it and have them tell me yes, yes or no, and why not, if not.