In the conventional NIE learning process, the requirements for rules and their adaptability to future states become clear only after stable and presumptively optimal rules have already emerged as suboptimal, so anticipation of future developments plays no role and learning is confined to learning from mistakes.
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Anticipation of future developments does not play a role in this learning process.
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Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013), III. Rulemaking in a Dynamic Framework, p. 7 https://ssrn.com/abstract=2267560 · source PDF
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Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013). SSRN: https://ssrn.com/abstract=2267560
extended_bykaal:claim:2808132-016 The ex post facts-based approach to rulemaking worked historically because the optimal requirements for rules ...
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