kaal:claim:2992962-030

Problems with smart contracts are inevitable because of subjectivity in human relationships, bounded rationality of coders and contracting parties, incomplete foresight, incomplete information, and opportunistic behavior.

Source quote, verbatim

Problems with smart contracts are inevitable because of the subjectivity in human relationship, bounded rationality of coders and contracting parties, incomplete foresight, incomplete information, and opportunistic behavior.

From

Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017), a) Aragon, p. 49
https://ssrn.com/abstract=2992962 · source PDF

Cite as

Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017). SSRN: https://ssrn.com/abstract=2992962

Holds when

commercial smart contracting between human parties

Classification

mechanismsupport: arguedfailure: inevitable-smart-contract-imperfectionfamily: smart-contract-rigidityrisk-and-incentivessmart-contracts

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extended_by kaal:claim:3373393-008 Because of bounded rationality, incomplete foresight, and information asymmetries, it is impossible for princi...

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