Principal-agent problem is a particular game-theoretic description of a situation. There is a player called a principal‚ and one or more other players called agents with utility functions that are in some sense different from the principal’s. The principal can act more effectively through the agents than directly‚ and must construct incentive schemes to get them to behave at least partly according to the principal’s interests. The principal-agent problem is that of designing the
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Principal Agent Problem Running a business can be a tricky expenditure in today’s society. As we know a business can only be successful economically if they are bringing more money than they are putting out. Owners of businesses realize that positive economic profit is essential to the livelihood of their businesses. As with every business‚ employees are hired to do specific tasks that the owner assigns for them. However‚ with employees comes the responsibility of managing them. This is where a
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FBI agents go under rigirous training to become an agent. It takes a lot of skill and have plenty of physical training. Theres a lot of experience and education you need to become and FBI agent. There are also many requirements you need to pass like you need to be between the ages of 23 and 37 and you need to be a U.S. citizen. You need to have 20/20 vision in at least one eye. You need to have a bachelors degree in a really good college. You need to major in law‚ accounting‚ science‚ or language
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Real Estate Agents have to be good at timing. It is all made up from a daily schedule that they must follow to get the appointments finished. This occupation requires a hard working‚ steady‚ and patient person. A real estate agent does a little of everything in the business. They have the responsibility to be a salesperson at one moment‚ a buyer’s advocate the next; an observer‚ a consultant‚ an auctioneer‚ a negotiator‚ and a marketer. A lot of the time they
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gallons of the defoliant Agent Orange were used to rid the land of the thick trees populating these forests. After the war‚ it was discovered that Agent Orange caused life-threatening illnesses in the soldiers who handled it‚ and the Vietnamese who lived in the affected jungles. Agent Orange is a defoliant‚ a chemical which is specifically designed to kill plants. This
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Sport Agents and Amateur Athletes Katie Brown 7/18/2013 Introduction Sport agents typically handle contract negotiations for athletes‚ as well as any public relation issues‚ finance issues‚ and endorsement deals (Evans‚ 2010). Over the years‚ however‚ sport agents have become more to athletes than just a contract negotiator; they have taken upon the additional tasks of marketing their client’s ability‚ persona‚ and brand. With the increasing friction from
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Although many people thought it was just a weed killer that was only used to wipe out jungles‚ Agent Orange had devastating effects on many humans who were exposed to it. Agent Orange was a toxic herbicide that was sprayed over large areas of thick jungle to kill its vegetation during the Vietnam war. The U.S. military did this so they could identify the North Vietnamese easier. Agent Orange had a mixture of dioxins in it that‚ when exposed to it‚ would later cause all kinds of health problems to
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I have decided to do my research paper about the effects of Agent Orange on the ecosystem and environment of Vietnam and the soldiers who were fighting during the Vietnam war. This topic is one of many examples of how dangerous chemical being used for warfare also destroyed the environment. This event also caused damage to the people who were in contact with the agent and spread genetically through their descendants. I often wonder how the government can use such dangerous chemicals without thinking
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Repercussions of Agent Orange in the Vietnam War Our modern society and technology revolves around many different chemical compounds. Advances in the chemical field of herbicides or pesticides‚ while being beneficial to our society‚ can come at a price. Without proper testing and research‚ harmful chemical compounds may be released into the environment unknowingly. Some compounds‚ even though thoroughly tested‚ may only exhibit malicious effects years after being introduced to the environment.
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Intelligent Agents & E-Commerce Introduction The internet has experienced a rapid shift from information and entertainment to electronic commerce. The amount of information available on the web‚ as well as the number of e-businesses and web shoppers‚ has been growing exponentially and the influx is difficult to process. A major challenge for marketspace participants has become sifting through an unwieldy amount of information to find products‚ services‚ and even each other – often relegating
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