{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/simulation",
 "identifier": "kaal:entity:simulation",
 "name": "Simulation",
 "termCode": "simulation",
 "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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 "sha256": "65a08c39eaf71cac834c758ea0435c3ea721f58cac16fbf99ecce41f4062dc5d",
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   "name": "status",
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   "value": 3
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   "value": [
    "2019",
    "2026"
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 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3402701-014",
   "identifier": "kaal:claim:3402701-014",
   "text": "A Basis-style bond scheme succeeds only while demand for the currency grows at a sufficient rate; the authors' simulations show it fails when demand is stagnant at equilibrium.",
   "abstract": "According to our simulations, this scheme will succeed as long as demand for the currency is growing at a sufficient rate, but it will fail if the demand is stagnant at equilibrium",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019). SSRN: https://ssrn.com/abstract=3402701",
   "datePublished": "2019",
   "claim_type": "failure",
   "confidence": "evidenced",
   "is_failure_mode": true,
   "scope_conditions": [
    "demand stagnant at equilibrium"
   ],
   "source_pdf_sha256": "72ed2581b4cac2bd18a5b2640be959487a3cbc34c86ab5e5664924bcdb53c8e0",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5886442-029",
   "identifier": "kaal:claim:5886442-029",
   "text": "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.",
   "abstract": "path-dependent lock-in effects—historically the most persistent source of institutional rigidity—lose their grip when agents can simulate the long-run consequences of alternative institutional trajectories and migrate instantaneously to superior equilibria",
   "citation": "Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025). SSRN: https://ssrn.com/abstract=5886442",
   "datePublished": "2025",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "assumes agents can simulate and evaluate institutional trajectories at negligible cost"
   ],
   "source_pdf_sha256": "d2f6edebc562152f6ea706cc3ad944f7a1b81979931571e54cb782849839dfce",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/6269518-039",
   "identifier": "kaal:claim:6269518-039",
   "text": "The mechanism parameters are presented as design choices rather than derived from first principles, so empirical calibration through simulation and field experimentation is necessary to identify values that produce robust equilibria across diverse domains.",
   "abstract": "penalty magnitudes) are presented as design choices rather than derived from first principles. Empirical calibration through simulation and field experimentation will be necessary to identify parameter values that produce robust equilibria across diverse domain contexts.",
   "citation": "Wulf A. Kaal, Citation Honesty Mechanisms in Weighted Directed Acyclic Graph Governance (2026). SSRN: https://ssrn.com/abstract=6269518",
   "datePublished": "2026",
   "claim_type": "condition",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [],
   "source_pdf_sha256": "f096ecf5b41bb9ae8642facd54b9149c7b594de53a1cc32718a4d806b772f88f",
   "status": "current"
  }
 ],
 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'simulation'. Derived node: a roster, not an adjudicated definition."
}