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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