kaal:claim:3782201-028

Path dependencies are a major obstacle to decentralizing institutions and businesses, because humans have psychological inertia and cling to familiar systems, especially those that have given them comfort in the past.

Source quote, verbatim
Path dependencies create a major obstacle to decentralizing our institutions and businesses. Humans have psychological inertia, and cling to any familiar system, but especially those that have given them comfort in the past.
From

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021), Path dependencies, p. 25
https://ssrn.com/abstract=3782201 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201

Classification

mechanismsupport: arguedfailure: path dependencyfamily: incumbent-resistance-to-adoptioninstitutional-design

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