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David J. Hand, "Dark Data: Why What You Don't Know Matters" (Princeton UP, 2020)

Princeton UP Ideas Podcast

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Distortion of Measures: Campbell and Goodhart

This chapter explores Campbell's Law and Goodhart's Law, revealing how over-reliance on quantitative indicators can corrupt decision-making and distort social processes. It also examines the historical case of John Law, whose innovative banking practices during economic speculation illustrate the risks of focusing too narrowly on specific measures.

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