# kaal:claim:6819121-028

**Claim.** Capital-formation institutions score one to two standard deviations higher than AI-governance institutions: Fundraising at 6.88 and Payment System at 6.25 against Agent Integration at 3.30 and AI Alignment at 2.10.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- cross-cohort category means

**Source quote.**

> The capital-formation institutions (Fundraising at 6.88, Payment System at 6.25) score one to two standard deviations higher than the AI-governance institutions (Agent Integration at 3.30, AI Alignment at 2.10).

**From.** Wulf A. Kaal, *The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis* (2026), V. The Forty-DAO Dataset, page 15

**Cite as.** Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026). SSRN: https://ssrn.com/abstract=6819121

**Verify.** sha256 of source PDF `f04b274f926d23848e77b429a13227baed9858b90fec826ddaabd2acca7035fe` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202026%20-%20The%20Institutional%20Deficit%20in%20Decentralized%20Autonomous%20Organizations%20-%20An%20Empirical%20Analysis.pdf

**Topics.** dao, empirical-evidence, ai-and-agents

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