38sec snip

Simplifying Complexity cover image

How economic policies are gamed

Simplifying Complexity

NOTE

Goodhart's Law: All Systems Will be Gamed

Any system with performance criteria, whether it's related to university activities, rating government departments, horse racing, crime rates, medical outcomes, or government budgets, will inevitably be manipulated to achieve favorable results. This phenomenon is encapsulated in Goodhart's Law, which states that once a measure becomes a target, it ceases to be a good measure. The speaker derived the title 'All Systems Will be Gamed' from this principle.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode