kaal:claim:2267560-043

The availability of information generated through the dynamic feedback process cannot be optimized at any given point in time, because the feedback effect is intended to perpetually reinforce itself.

Source quote, verbatim
the availability of information generated through this process cannot be optimized at any given point in time.
From

Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013), IV.1 Optimizing the Learning Process, footnote 9, p. 12
https://ssrn.com/abstract=2267560 · source PDF

Cite as

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

Classification

failuresupport: arguedfailure: no point-in-time optimum for feedback generated informationfamily: measurement-and-metric-failureinstitutional-designdynamic-regulation

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