entity · derived
Folk theorems
Derived node: assembled mechanically from the claims carrying folk-theorems. A roster, not an adjudicated definition.
Every claim under this term
- 3402701-007 : Good governance principles are crucial to every aspect of a long-term stable currency because markets inevitably change and because the Folk Theorems of game theory pose a fundamental obstacle to any
- 3402701-011 : The Folk Theorems of game theory imply that no matter how complicated a stable coin protocol becomes, a powerful and patient player has strategies to subvert the system and profit at the expense of th
- 3402701-012 : Because no fixed rule set can resist a patient adversary, any stable coin scheme requires a nimble and responsive governance process whose rules can always be adjusted to changing market conditions.
- 3402701-036 : The Folk Theorems of game theory prove that no protocol, however complex or well engineered, can eliminate corruption, understood as behavior that profits a minority at the greater expense of the majo
- 3402701-038 : Because the Folk Theorems make governance protocols permanently provisional, long-term stability requires that the group be organized around a transcendental value, a goal meaningful and commonly held
- 3406323-040 : For any static set of rules in an infinitely repeated game using reputation stakes there is a way to subvert the rules for individual profit at the expense of the group, a result the author attributes
- 3782192-017 : The Folk Theorems of game theory prove that any rules that can be formally set down can be subverted: strategies always exist that follow the rules and still allow a minority player to profit at the e
- 3782193-011 : No set of written rules can be made complete: the Folk Theorems demonstrate that however rules are written, strategies exist that follow those rules yet profit the individual at the expense of the gro
- 3782203-014 : It is impossible to set up formal rules that keep a group behaving cooperatively in the long run, even if those rules are policed perfectly; the spirit of the law matters more than the letter of the l
- 3782203-017 : However rules are formalized in a realistic setting, there exist strategies that follow the rules yet subvert the intentions of the framers, so legal strategies will always be available that profit an
- 3782203-039 : Because the Folk Theorems rule out a perfect reward system, the design goal for a DAO should be reduced to making it easier for members to help the group than to hurt it, with members themselves incen
- 3782210-022 : Because eternally perfect protocols are impossible, as illustrated by Arrow's Impossibility Theorem and the Folk Theorems of Game Theory, the remedy is not a better static ruleset but a system that co
- 3782214-025 : No centralized platform such as Amazon or eBay has been able to create meaningful and secure online reputation, because central ownership and control prevent them from giving members the power and inc
- 3782217-025 : Popularity based ranking cannot substitute for editorial control, because people end up relying on unconscious algorithms to determine what is authoritative and the Folk Theorems establish that such a
- 3782220-004 : Transcendental values are necessary for long-term stability because every formal, explicitly specified protocol is permanently exposed to strategies that subvert it, a result the authors draw from the
- 3782220-023 : Beyond any Folk Theorem justification for stability, the ultimate reason not to impose a clear distinction between the individual and the social is that no such clear distinction exists in nature, and
- 3782220-035 : Unlike scientific laws, transcendental values cannot be stated formally and explicitly, so they must be authored by people in touch with transcendental beauty, true poets, who are nevertheless grounde
- 6269518-005 : No static citation protocol can eliminate all arbitrage opportunities for sufficiently patient and powerful actors, a conclusion the author draws from Arrow's Impossibility Theorem, the Folk Theorems