# kaal:claim:2273857-050

**Claim.** The social and mental properties of decision makers in financial institutions, combined with the incentive structure of the respective institutional setup, determine a financial institution's adaptive capability.

**Type.** mechanism  **Support.** asserted

**Source quote.**

> Social and mental properties of decision makers in financial institutions together with the incentive structure in the respective institutional setups can help determine a financial institution's adaptive capability.

**From.** Wulf A. Kaal, *Dynamic Regulation of the Financial Services Industry* (2013), III.1 Rulemaking with Dynamic Elements, page 24

**Cite as.** Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857

**Verify.** sha256 of source PDF `e7cb3dea40593135acc99a9b00690138fe01020514ebf388f5140e1b0e59e82a` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Dynamic%20Regulation%20of%20the%20Financial%20Services%20Industry.pdf

**Topics.** risk-and-incentives, institutional-design

**Keywords.** adaptive-capability, incentive-structure, behavioral-factors, institutional-design

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