Proxy failure#
Learning objectives#
After working through this topic, you should be able to:
describe the difference between indicators and targets
explain what we mean by proxy failure / Goodhart’s law
explain the structure behind proxy failure
describe potential pitfalls of (too simple) quantification
Materials#
Video with English subtitles:
Download the slides.
Video with German subtitles:
(turn subtitles on in the bottom right corner of the video)