# kaal:claim:3441904-036

**Claim.** Ex post code based majoritarian rules generated by DAOs are superior to ex ante majoritarian default rules because they rest on more accurate real time information from the edge and decentralized feedback effects, and are not subject to the same information asymmetries.

**Type.** design  **Support.** argued

**Holds when.**

- DAOs with dynamic governance mechanisms allowing token holder votes on code

**Source quote.**

> Ex-post code-based majoritarian rules are superior to ex-ante majoritarian rules because they are based on more accurate real-time information from the edge and decentralized feedback effects.

**From.** Wulf A. Kaal, *Blockchain-Based Corporate Governance* (2019), V.1 Dynamic DAO Governance, page 32

**Cite as.** Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

**Verify.** sha256 of source PDF `e6b562527f7f19accaa35491db0a0db168b6a936755e1dca424e9f30bee7a815` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Blockchain-Based%20Corporate%20Governance.pdf

**Topics.** institutional-design, governance-design

**Keywords.** default-rules, majoritarian-rules, feedback-effects, dynamic-governance

**Related claims.**

- supported_by: https://wulfkaal.github.io/claims/3652481-028

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