entity · derived
Institutional change
Derived node: assembled mechanically from the claims carrying institutional-change. A roster, not an adjudicated definition.
Every claim under this term
- 3782192-034 : Large decentralized networks such as national democracies do not make fundamental changes easily, because stability is their primary quality.
- 3782201-028 : Path dependencies are a major obstacle to decentralizing institutions and businesses, because humans have psychological inertia and cling to familiar systems, especially those that have given them com
- 5886442-029 : Path dependent institutional lock in loses its grip when agents can simulate the long run consequences of alternative institutional trajectories and migrate instantaneously to superior equilibria.