# kaal:claim:4900878-008

**Claim.** Quantum economics and New Institutional Economics diverge at the level of first principles: NIE treats uncertainty as something institutions exist to reduce, while quantum economics treats uncertainty and indeterminacy as constitutive features of economic interaction.

**Type.** definitional  **Support.** argued

**Source quote.**

> While NIE emphasizes the role of institutions in reducing uncertainties and fostering economic stability, quantum economics inherently incorporates uncertainty

**From.** Wulf A. Kaal, *Quantum Economy and Tokenomics* (2024), 2.4 Comparison with New Institutional Economics, page 15

**Cite as.** Wulf A. Kaal, Quantum Economy and Tokenomics (2024). SSRN: https://ssrn.com/abstract=4900878

**Verify.** sha256 of source PDF `75bf96d3b751b4ad0a6ca4a32591cf026094f113e3a372aa6c61790941b391f7` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202024%20-%20Quantum%20Economy%20and%20Tokenomics.pdf

**Topics.** economics, institutional-design

**Keywords.** new-institutional-economics, uncertainty, institutions, transaction-costs

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/4900880-011

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