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Record W4316169143 · doi:10.1504/ijebank.2022.10053412

Irving Fisher, Ronald Coase, and DeFi

2022· article· en· W4316169143 on OpenAlexaff
Adam Aldad, Frank T. Lorne

Bibliographic record

VenueInternational Journal of Electronic Banking · 2022
Typearticle
Languageen
FieldComputer Science
TopicBlockchain Technology Applications and Security
Canadian institutionsNew York Institute of Technology
Fundersnot available
KeywordsCoase theoremEconomicsNeoclassical economicsMathematical economicsLaw and economicsMicroeconomicsTransaction cost

Abstract

fetched live from OpenAlex

The crypto world promises all peer-to-peer transactions disconnected from government regulations. Movement to decentralise financial institutions (DeFi), via blockchain technology, was underpinned by a belief of using smart contracts. Finance encompasses all transactions between Today Goods and tomorrow goods (TDTM). This trading world is currently under construction. According to Fisher, trading with future entails fundamental TDTM principles. According to Coase, all contracts are subjected to transaction costs. The success of DeFi ultimately must answer to how transaction costs are lowered in TDTM. The 2020 world pandemic fuelled crypto activities. If crypto can live up to its promise for reducing transaction costs, a fiat world inflation is actually a crypto world deflation. Existing real investment in the crypto world can increase or decrease the marginal product of capital, DeFi Rate is different from the real interest rate. This article interprets the findings in the framework of Fisher and Coase.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.010
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.015
Threshold uncertainty score0.051

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0020.010
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0020.001
Science and technology studies0.0040.004
Scholarly communication0.0060.007
Open science0.0010.002
Research integrity0.0040.007
Insufficient payload (model declined to judge)0.0150.007

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.006
GPT teacher head0.228
Teacher spread0.222 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2022
Admission routes1
Has abstractyes

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