{ "@context": "https://schema.org", "@type": "DefinedTerm", "@id": "https://wulfkaal.github.io/entities/adaptation", "identifier": "kaal:entity:adaptation", "name": "Adaptation", "termCode": "adaptation", "inDefinedTermSet": { "@id": "https://wulfkaal.github.io/entities/index.json" }, "author": { "@type": "Person", "name": "Wulf A. Kaal", "identifier": "https://orcid.org/0000-0003-0757-275X" }, "dateModified": "2026-07-29", "canonicalForm": "https://wulfkaal.github.io/entities/adaptation.md", "sha256": "ebc9f68d36eb97d26aeaa206d449e6bb14e983a254c3d283d316da4db8992c01", "additionalProperty": [ { "@type": "PropertyValue", "name": "status", "value": "derived" }, { "@type": "PropertyValue", "name": "claim_count", "value": 7 }, { "@type": "PropertyValue", "name": "work_count", "value": 7 }, { "@type": "PropertyValue", "name": "year_span", "value": [ "2012", "2021" ] }, { "@type": "PropertyValue", "name": "non_current_claims", "value": 0 } ], "subjectOf": [ { "@type": "Claim", "@id": "https://wulfkaal.github.io/claims/2150377-036", "identifier": "kaal:claim:2150377-036", "text": "Despite documented cost concerns, the hedge fund industry appears to be only modestly affected by the Dodd-Frank reporting and disclosure requirements and is adapting well to the new regulatory environment.", "abstract": "Despite these concerns, the hedge fund industry appears to be only modestly affected by the Dodd-Frank reporting and disclosure requirements and is adapting well to the new regulatory environment.", "citation": "Wulf A. Kaal, Hedge Fund Manager Registration Under the Dodd-Frank Act (2012). SSRN: https://ssrn.com/abstract=2150377", "datePublished": "2012", "claim_type": "empirical", "confidence": "argued", "is_failure_mode": false, "scope_conditions": [ "the first months after the March 30, 2012 registration effective date", "survey respondents, n=94" ], "source_pdf_sha256": "0b58bb409cac7674d78515f5374096f9a349de3bbd1983c990e0edc85a635a09", "status": "current" }, { "@type": "Claim", "@id": "https://wulfkaal.github.io/claims/2267560-044", "identifier": "kaal:claim:2267560-044", "text": "Parties in the incomplete contract model cannot adapt to unforeseen contingencies because they cannot specify ex-ante how those contingencies will be met, and transactions may be foregone or become too expensive if participants cannot rely on efficient and equitable adaptation.", "abstract": "At the same time, parties in the incomplete contract model cannot adapt to unforeseen contingencies because they cannot specify ex-ante how those contingencies will be met (Kreps 1990, 93).", "citation": "Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013). SSRN: https://ssrn.com/abstract=2267560", "datePublished": "2013", "claim_type": "failure", "confidence": "argued", "is_failure_mode": true, "scope_conditions": [], "source_pdf_sha256": "7ecc9dd1826121a95bf252476cdaa1c8737ad8079e12caf66c4342ffae7af8af", "status": "current" }, { "@type": "Claim", "@id": "https://wulfkaal.github.io/claims/2831040-038", "identifier": "kaal:claim:2831040-038", "text": "Dynamic regulation optimizes anticipatory governance for innovation by emphasizing adaptation to and anticipation of the unforeseen contingencies associated with innovation.", "abstract": "Dynamic regulation can help optimize anticipatory governance for innovation by emphasizing the adaptation to and anticipation of unforeseen contingencies associated with innovation.", "citation": "Wulf A. Kaal, Dynamic Regulation for Innovation (2016). SSRN: https://ssrn.com/abstract=2831040", "datePublished": "2016", "claim_type": "design", "confidence": "argued", "is_failure_mode": false, "scope_conditions": [], "source_pdf_sha256": "de5156f14f44a5753cab55b6c4b03049eda58a143b99e08ef427aee1d261e1bf", "status": "current" }, { "@type": "Claim", "@id": "https://wulfkaal.github.io/claims/3406323-002", "identifier": "kaal:claim:3406323-002", "text": "Because information flow in decentralized systems is optimized through dynamic feedback effects, such systems mutate and change easily, which makes them more attack resistant and allows them to grow very quickly.", "abstract": "Decentralized systems can also very easily mutate and change because the information flow is optimized through dynamic feedback effects. As a result, such systems become more attack resistant on multiple levels.", "citation": "Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323", "datePublished": "2019", "claim_type": "mechanism", "confidence": "argued", "is_failure_mode": false, "scope_conditions": [], "source_pdf_sha256": "6293780b57a1ae1de17ec00f99cc94295d4f72ea4d08b17a5c08c44772b221db", "status": "current" }, { "@type": "Claim", "@id": "https://wulfkaal.github.io/claims/3411897-003", "identifier": "kaal:claim:3411897-003", "text": "Decentralized systems mutate and change easily because their information flow is optimized through dynamic feedback effects, and this capacity to mutate is what makes them more attack resistant on multiple levels.", "abstract": "Decentralized systems can also very easily mutate and change because the information flow is optimized through dynamic feedback effects. As a result, such systems become more attack resistant on multiple levels.", "citation": "Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897", "datePublished": "2019", "claim_type": "mechanism", "confidence": "argued", "is_failure_mode": false, "scope_conditions": [ "holds for systems whose information flow is genuinely distributed" ], "source_pdf_sha256": "82f0aea026b3e3a526ec51bc073b3b864dc06cd9083ff9c54c550037045edaa9", "status": "current" }, { "@type": "Claim", "@id": "https://wulfkaal.github.io/claims/3782193-002", "identifier": "kaal:claim:3782193-002", "text": "Rigid hierarchies are unstable and inevitably fall, eroded either by internal corruption or by novel external challenges that the hierarchy is not flexible enough to adapt to. These are the second and third destabilizing factors, alongside majority discontent.", "abstract": "Rigid hierarchies are unstable and inevitably fall, eroded from internal corruption or novel external challenges that the hierarchy is not flexible enough to adapt to. These are the second and third factors that explain why centralized organizations are unstable.", "citation": "Craig Calcaterra, Wulf A. Kaal, Historical Sketches of Centralization vs. Decentralization (2021). SSRN: https://ssrn.com/abstract=3782193", "datePublished": "2021", "claim_type": "failure", "confidence": "argued", "is_failure_mode": true, "scope_conditions": [ "hierarchies whose power relations have become entrenched in secular, codified law" ], "source_pdf_sha256": "74df9cc9a19a098bdacd0424a4174795f6e184f7a31c8ee7541195186701ebd2", "status": "current" }, { "@type": "Claim", "@id": "https://wulfkaal.github.io/claims/3782198-026", "identifier": "kaal:claim:3782198-026", "text": "Decentralization is most valuable in chaotic times because the most talented members for a task are not blocked by a rigid hierarchy, unlike bureaucracies that respond to new problems with an outdated structure.", "abstract": "Second, decentralization is ideal in chaotic times, when technology and business arrangements are continually changing. The most talented members for any task are not blocked by a rigid hierarchy.", "citation": "Craig Calcaterra, Wulf A. Kaal, Contemporary Decentralization (2021). SSRN: https://ssrn.com/abstract=3782198", "datePublished": "2021", "claim_type": "mechanism", "confidence": "argued", "is_failure_mode": false, "scope_conditions": [ "holds when technology and business arrangements are continually changing" ], "source_pdf_sha256": "e7e1378e3eed06cace6534e7792a7307d607d18bc6beb4ac45896476280728e4", "status": "current" } ], "description": "7 claims in the published works of Wulf A. Kaal carry the concept tag 'adaptation'. Derived node: a roster, not an adjudicated definition." }