Some things to bear in mind when you see a news article about #SharePrices rising or falling.
Share price is, nominally, a function of how well rich people expect a company to do.
#GoodhartsLaw states that "When a measure becomes a target, it ceases to be a good measure". High share prices long ago became a target, and so have nothing to do with how well a company is doing; at most, they are now a function of how rich people expect them to change. #SelfFulfillingProphecy
#shareprices #goodhartslaw #selffulfillingprophecy
brain dead bad US health care policies contd..
https://jamanetwork.com/journals/jamainternalmedicine/fullarticle/2801008
or, why hospice care is underutilized in dialysis when patients stop (see lower down in article for another example of #GoodhartsLaw)
@mike_johansen @Kidney_boy @MGKatz036 if you have a metric of post transplant ‘success’ percentage you can do very well by only transplant the ‘best quality’ kidneys (with high discard rates) into the ‘fittest’ transplant recipients (topic of today’s discussion)
#GoodhartsLaw strikes again