Ostrom's method of Institutional Analysis is used primarily in Academia to analyze Common-Pool Resource dilemmas and large institutions using game-theory and dynamic programming methods.

At present, the primary way of doing financial analysis on entities was established in Ben Graham's book Security Analysis which is also the period when the US Securities Exchange Commission was established. During the Unconference session was argued that 2 key modern mathematical techniques: game theory & fractals had not yet been discovered at the time of writing Security Analysis.

On that basis was postulated that these techniques (as outlined in Ostrom's Institutional Analysis) may provide a basis for understanding & designing a DAO which is profoundly different from the structures available to a Corporation.

When to use

This work presents the first attempt to turn the IAD framework into a computational model that allows communities of agents to perform what-if analysis on a given rule configuration.

A computational model of Ostrom's Institutional Analysis and Development framework

The Institutional Analysis and Development (IAD) framework developed by Elinor Ostrom and colleagues provides great conceptual clarity on the immensel…

www.sciencedirect.com

How to use

• During the session, participants played a variation of the Snatch Game as a simple demonstration of the Action Arena outlined in Institutional Analysis.
• It might help give you ideas of little experiments you could run for developing rules and culture within your DAO or other organization

What you get

This approach could help DAOs to have their own legal recognition and designation, distinct from a corporation.

More info and resources

[Elinor Ostrom] Understanding Institutional Diversity

Academia.edu is a platform for academics to share research papers.

www.academia.edu

Institutional analysis and development framework

The Institutional Analysis and Development framework (IAD) was developed by Elinor Ostrom, an American political scientist, who was the first woman to receive the Nobel Memorial Prize in Economic Sciences in 2009.[1] The IAD relates a set of concepts to help in the analysis of commons, such as fishery stocks, woodlands. Ostrom explored which institutional structures support arrangements that handle those resource stocks in a sustainable way, balancing individuals' use with the interest of a wider public. Under the rational choice models, the IAD was devised in an attempt to explain and predict outcomes by formally exploring and documenting the governance structures, the actors' positions, and the informal and formal rules devised for individuals to extract resources from the commons resource. Thus, the IAD is a systematic method to document policy analysis functions similar to analytic technique commonly used in physical and social sciences and understand how institutions operate and change over a period of time.[2][3]

en.wikipedia.org

A computational model of Ostrom's Institutional Analysis and Development framework

The Institutional Analysis and Development (IAD) framework developed by Elinor Ostrom and colleagues provides great conceptual clarity on the immensel…

www.sciencedirect.com

Trusted Seed 2022 Unconference Live Session on Ostrom IAD

Unconference Slides

paglalayag.net

Experts in the community

Nieves Montes nmontes@iiia.csic.es

Unconference session about this topic