Overcoming attempts by rational and opportunistic internal and external constituents to game a DAO's governance design requires a duality of incentives, in which actors improve their own utility while their actions simultaneously benefit the whole institution over the long run.
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Human nature and any effective machine derivates of human engagements in institutional form require a duality of incentives in order to overcome attempts of rational and opportunistic internal and external constituents to game the governance design of a given DAO.
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Wulf A. Kaal, Decentralized Autonomous Organizations – Internal Governance and External Legal Design (2020), III.3 Suboptimal Incentive Design, p. 29 https://ssrn.com/abstract=3652481 · source PDF
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Wulf A. Kaal, Decentralized Autonomous Organizations – Internal Governance and External Legal Design (2020). SSRN: https://ssrn.com/abstract=3652481
extended_bykaal:claim:3808873-037 Effective institutional governance, human or machine, requires a duality of incentives in which actors improve...
extended_bykaal:claim:3799320-013 Effective institutional governance requires a duality of incentives, namely incentives for actors to improve t...
restateskaal:claim:3441904-018 Participants must be incentivized to improve their own utility while simultaneously benefiting the institution...
generalizeskaal:claim:3799320-014 When fungible assets are the dominant incentive design in the governance of a DAO with identifiable actors, ra...
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