Wednesday, June 11, 2014

Campbell’s Law

*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc./*

*/Follow us on Twitter/* [1]

Campbell's Law is an adage from the social sciences.  It states: "The more
any quantitative social indicator (or even some qualitative indicator) is
used for social decision-making, the more subject it will be to corruption
pressures and the more apt it will be to distort and corrupt the social
processes it is intended to monitor."[1] [2]

Do you think the financial regulators are aware of Campbell's Law?  Do you
think the majority of Chief Risk Officers, or Boards of Directors are
familiar with it?  Should they be?

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[1] [3] Definition is sourced from Wikipeadia.

 


[1] https://twitter.com/rsdsolutions
[2] #_ftn1
[3] #_ftnref1

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