Tag: Policy Making
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Chesterton’s Fence
Chesterton’s Fence, established by G.K. Chesterton, underscores the need for understanding the rationale behind established norms before modifying them, advocating for informed, deliberate change across various domains, from policy to innovation.
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Goodhart’s Law
Coined by Charles Goodhart, the principle “When a measure becomes a target, it ceases to be a good measure” highlights the unintended repercussions of emphasizing a singular metric. Originating from monetary policy observations, the principle reveals how entities adjust their behaviors in response to metrics becoming primary objectives across diverse sectors.
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Preference Falsification
Preference falsification refers to individuals hiding their true preferences due to societal pressures. This phenomenon can distort perceived norms, influence behavior, and potentially lead to sudden societal shifts. Its impact spans policy making, democratic processes, and economic behavior.