principal-agent problem
principal-agent problem · principal-agent problems
The problem that a person or entity serving as an agent for another, and able to make…The problem that a person or entity serving as an agent for another, and able to make decisions on the other's behalf, may be motivated instead to make decisions that benefit themselves.
Meaning
1 sensesThe problem that a person or entity serving as an agent for another, and able to make decisions on the other's behalf, may be motivated instead to make decisions that benefit themselves.
Forms
plural: principal-agent problems| Singular | principal-agent problem |
|---|---|
| Plural | principal-agent problems |
regular