# kaal:claim:2267560-042

**Claim.** Assessing the sufficiency of information by rulemakers alone can lead to suboptimal results because path dependencies may lead decision-makers to believe they control sufficient information for rulemaking when in fact they do not.

**Type.** failure  **Support.** argued

**Holds when.**

- sufficiency of information assessed by rulemakers alone

**Source quote.**

> The sufficiency of information in this model, if assessed by rulemakers alone, could lead to suboptimal results. Path dependencies may lead decision-makers to believe they control sufficient information for rulemaking when they in fact do not.

**From.** Wulf A. Kaal, *Evolution of Law Dynamic Regulation in a New Institutional Economics Framework* (2013), IV.1 Optimizing the Learning Process, footnote 9, page 11

**Cite as.** Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013). SSRN: https://ssrn.com/abstract=2267560

**Verify.** sha256 of source PDF `7ecc9dd1826121a95bf252476cdaa1c8737ad8079e12caf66c4342ffae7af8af` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Evolution%20of%20Law%20Dynamic%20Regulation%20in%20a%20New%20Institutional%20Economics%20Framework.pdf

**Failure mode.** illusory information sufficiency from path dependence  (family: regulatory-lag)

**Topics.** dynamic-regulation

**Keywords.** information-sufficiency, path-dependence, rulemaker-bias, dynamic-regulation

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/kaal-2014-dynamicregulationviagove-010

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.