*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc./*
*/Follow us on Twitter/* [1]
There is an old saying that "if you want to hear the Gods laughing, just
tell them your plans". The Gods in particular think risk is funny.
[1] https://twitter.com/rsdsolutions
Thursday, June 12, 2014
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?
------------------------------------------------------------------------------
[1] [3] Definition is sourced from Wikipeadia.
[1] https://twitter.com/rsdsolutions
[2] #_ftn1
[3] #_ftnref1
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?
------------------------------------------------------------------------------
[1] [3] Definition is sourced from Wikipeadia.
[1] https://twitter.com/rsdsolutions
[2] #_ftn1
[3] #_ftnref1
Subscribe to:
Posts (Atom)