{
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 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/performance-measurement",
 "identifier": "kaal:entity:performance-measurement",
 "name": "Performance measurement",
 "termCode": "performance-measurement",
 "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",
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   "value": [
    "2016",
    "2017"
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2748096-034",
   "identifier": "kaal:claim:2748096-034",
   "text": "Traditional risk-adjusted alphas underestimate hedge fund risk: once correlation risk is controlled for, previously observed significant hedge fund alphas disappear, which makes correlation risk a systematic risk factor for hedge fund returns.",
   "abstract": "This finding is important because traditional risk-adjusted alphas may underestimate hedge fund risk.",
   "citation": "Wulf A. Kaal, Timothy A. Krause, Hedge Funds and Systemic Risk (2016). SSRN: https://ssrn.com/abstract=2748096",
   "datePublished": "2016",
   "claim_type": "failure",
   "confidence": "evidenced",
   "is_failure_mode": true,
   "scope_conditions": [
    "cross-sectional analysis of individual hedge fund returns"
   ],
   "source_pdf_sha256": "8f30260f2c1db728b45c4f3b9b7c64358cf9d3217277bc3c63a910c32f87b508",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3071378-036",
   "identifier": "kaal:claim:3071378-036",
   "text": "In a DAO, disenfranchised community members cannot be judged by race or cultural biases because performance in an anonymized proposal voting scheme is the only basis for assessment and payment.",
   "abstract": "this means they will not and cannot be judged by race or cultural biases. Instead, their performance in an anonymized proposal voting scheme is the only basis for assessment and payment.",
   "citation": "Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017). SSRN: https://ssrn.com/abstract=3071378",
   "datePublished": "2017",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "anonymized proposal voting and token-based remuneration"
   ],
   "source_pdf_sha256": "125f01674d13b6bb0310c4be7a20ff538dccbc36ecf352770b3c580028387edd",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'performance-measurement'. Derived node: a roster, not an adjudicated definition."
}