kaal:claim:3249860-001

Crypto-economic incentive design is only limitedly successful at shaping future human behavior, because the designer must speculate about future human mental states and belief systems that may turn out entirely different from what was anticipated.

Source quote, verbatim

Shaping future human behavior through incentive design is limitedly successful7 because the social engineer speculates about human future mental states and corresponding belief systems.

From

Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018), I. Introduction, p. 4
https://ssrn.com/abstract=3249860 · source PDF

Cite as

Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860

Holds when

designs that rely on assumptions about human reactions to economic incentives

Classification

failuresupport: arguedfailure: speculative-incentive-designfamily: staking-and-incentive-misalignmenteconomicsrisk-and-incentives

Related claims

extended_by kaal:claim:3606663-022 Token design must be treated as an iterative process in which data collection and flexibility in core design p...

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