Token-weighted voting, the modal aggregation rule across the dataset, is not a neutral way to register member preferences but one specific choice in a space of choices, none of which is neutral under Arrow's theorem.
Source quote, verbatim
Token-weighted voting, the modal aggregation rule across the dataset studied here, is not a neutral way to register member preferences. It is one specific choice in a space of choices, none of which is neutral.
From
Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026), II. Theoretical Framework, p. 6 https://ssrn.com/abstract=6819121 · source PDF
Cite as
Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026). SSRN: https://ssrn.com/abstract=6819121
Holds when
Arrow's Impossibility Theorem applied to DAO aggregation rules
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