principal-agent problem

Hello, you have come here looking for the meaning of the word principal-agent problem. In DICTIOUS you will not only get to know all the dictionary meanings for the word principal-agent problem, but we will also tell you about its etymology, its characteristics and you will know how to say principal-agent problem in singular and plural. Everything you need to know about the word principal-agent problem you have here. The definition of the word principal-agent problem will help you to be more precise and correct when speaking or writing your texts. Knowing the definition ofprincipal-agent problem, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.

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