principal-agent problem

English

Noun

principal-agent problem (plural principal-agent problems)

  1. 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.
    Synonyms: agency dilemma, agency problem
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.