kaal:claim:3782214-024

Reputation can be objectively valued by estimating the probability of future business deals, taking the expected value of that probability, and computing the present value of those deals, which is what makes reputation function as a promise of future rewards.

Source quote, verbatim

Reputation gives the promise of future rewards. Reputation can be objectively valued, by estimating the probability of future business deals, taking the expected value of that probability, and calculating the present value of those business deals.

From

Craig Calcaterra, Wulf A. Kaal, Decentralized Governance (2021), Reputation counters instability from profit motive, p. 10
https://ssrn.com/abstract=3782214 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Decentralized Governance (2021). SSRN: https://ssrn.com/abstract=3782214

Holds when

reputation is tied to a stream of future business opportunities

Classification

mechanismsupport: arguedreputationeconomicstokenomics

Related claims

extends kaal:claim:3782203-032 Cooperation is sustained only when the promise of future profits outweighs the present value of defecting, so ...

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