GOODHART'S LAW
\ɡˈʊdhɑːts lˈɔː], \ɡˈʊdhɑːts lˈɔː], \ɡ_ˈʊ_d_h_ɑː_t_s l_ˈɔː]\
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Professor Charles Goodhart introduced this theory. Originally applied to the stability of economic spending, it now points out the problem of assigning value to a specific variable to be used as an indicator. It states that when a measure's value becomes a target, the measure value can no longer be used as a measure.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).