# kaal:claim:2992962-030

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Holds when.**

- commercial smart contracting between human parties

**Source quote.**

> 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, page 49

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

**Verify.** sha256 of source PDF `80b92e67594394e38af41b769327936833de8e25d6cf3def966a6ba13bc83d17` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Calcaterra%20-%202017%20-%20Crypto%20Transaction%20Dispute%20Resolution.pdf

**Failure mode.** inevitable-smart-contract-imperfection  (family: smart-contract-rigidity)

**Topics.** risk-and-incentives, smart-contracts

**Keywords.** bounded-rationality, incomplete-contracts, smart-contracts, opportunism

**Related claims.**

- specializes: https://wulfkaal.github.io/claims/2267560-033
- extended_by: https://wulfkaal.github.io/claims/3808852-009
- extended_by: https://wulfkaal.github.io/claims/3373393-008

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