Recently, I heard someone say: “You must fail quickly and cheaply in order to learn and succeed”. These words were uttered by an expert in design thinking when talking about the need to experiment with possible solutions to problems. Design thinking is an iterative process to finding solutions and requires a deep empathy for [...]

My identical twin brother’s son-in-law is a television camera operator and has years of experience filming people and events from all over the world. From videotaping athletes at the Sochi Winter Paralympics to recording Queen Elizabeth II at Buckingham Palace, he has experienced first-hand what most of us intuitively know – people behave [...]

Distinguished economists, statisticians and mathematicians often have their name associated with some economic theory, concept or tool. Some examples include Giffen goods, the Nash equilibrium, the Phillips curve and the Gini coefficient. Today, I would like to introduce you to another economic concept - Goodhart’s law. This “law” testifies that social or economic performance [...]