Data Science, Economics

Good Metrics & Bad Targets: A Summary on Goodhart’s Law

Every child has learned of the usual scientific method: the variable you change is the independent variable, and the variable that changes as a result is the dependent variable. To ensure causation of the dependent, only one independent variable can be changed at a time while many other things must be kept constant between trials.… Continue reading Good Metrics & Bad Targets: A Summary on Goodhart’s Law

Data Science

Evaluating Hospital Effectiveness: The First of Many Failures

  It's fine to celebrate success, but it is more important to heed the lessons of failure. -Bill Gates A Preface: To be blunt, I have failed. More accurately, my models have failed (by ironically being not accurate, all pun intended). Despite weeks of work, I have failed to provide anything conclusive about the objective… Continue reading Evaluating Hospital Effectiveness: The First of Many Failures