# kaal:claim:3782210-038

**Claim.** Reputation has lost much of its meaning during the current institutional disruption: people in dying fields cash in on reputations built over previous generations in a fire sale mentality, and reputation itself is becoming a suspect concept.

**Type.** empirical  **Support.** asserted

**Holds when.**

- the current period of institutional decline and global society emergence

**Source quote.**

> Reputation has lost much of its meaning during the disruption that we are expe- riencing as the global society is emerging. As old institutions fall, there is a fire sale mentality amongst people in dying fields where they cash in on the reputations that were built over previous generations.

**From.** Craig Calcaterra, Wulf A. Kaal, *The Importance of Reputation for the Evolution of Decentralization* (2021), Summary, page 14

**Cite as.** Craig Calcaterra, Wulf A. Kaal, The Importance of Reputation for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782210

**Verify.** sha256 of source PDF `9cc531ab239f6266c8aeddcc8e54f4c06029c44e825444bee137bbcc0c9d0a8e` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20The%20Importance%20of%20Reputation%20for%20the%20Evolution%20of%20Decentralization.pdf

**Topics.** reputation, institutional-design, risk-and-incentives

**Keywords.** reputation-erosion, institutional-decline, short-termism, social-change

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