April 2012

Goodhart’s Law

23 April 2012

Another post and another Law, but this time no mathematics is involved. Imagine you are running a team of salespeople and, as a highly motivated manager, you are working on strategies to improve the performance of your team. After a close study of your team’s client call reports you realise that the high performers in […]

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Benford’s Law

16 April 2012

Here is a quick quiz. If you visit the Wikipedia page List of countries by GDP, you will find three lists ranking the countries of the world in terms of their Gross Domestic Product (GDP), each list corresponding to a different source of the data. If you pick the list according to the CIA (let’s […]

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