commonsense wrote: ↑Tue Aug 25, 2020 9:59 pm
Skepdick wrote: ↑Tue Aug 25, 2020 7:39 pm
You have to produce the particulars all by yourself.
Skep, I have to call bullshit on you. Henry asked for an example. You didn’t provide one. Instead, you simply indicated that Henry was on his own. How rude of you to deflect Henry’s request for help.
You should have given an example from your own experience or from an imagined situation. It’s possible that Henry wanted a concrete example so that he could understand how to pull an example out of his own experiences. Or it could have been something else altogether.
Henry, I’m not trying to speak for you or fight your fight. This guy pissed me
off, so that’s why I’m speaking out.
And I have to call bullshit on your bullshit.
My original comment contained a link to the WIkipedia page for the principal-agent problem. It has high-level context AND a bunch of examples/scenarios with different social dynamics, plus tons of references.
Skepdick wrote: ↑Tue Aug 25, 2020 5:42 pm
Either way, he has all the chess pieces in place for principal-agent
problems to arise when you can't hold your "proxies" accountable.
This is literally the second paragraph in the article:
Common examples of this relationship include corporate management (agent) and shareholders (principal), elected officials (agent) and citizens (principal), or brokers (agent) and markets (buyers and sellers, principals). Consider a legal client (the principal) wondering whether their lawyer (the agent) is recommending protracted legal proceedings because it is truly necessary for the client's well being, or because it will generate income for the lawyer. In fact the problem can arise in almost any context where one party is being paid by another to do something where the agent has a small or nonexistent share in the outcome, whether in formal employment or a negotiated deal such as paying for household jobs or car repairs.
Did you not the read the article?
Did you not read the examples?
Did you not type "principal-agent problem" in Google?
Is this not sufficient introduction to the general idea so that you can identify relevant examples in your own context?
Since you had plenty of opportunity to acquire the information that you wanted without needing anything from me your "outrage" is a tad misplaced and entitled, no?