Learnings Mental Models

Navigating the Principal-Agent Problem: Unraveling the Psychology of Decision-Making

Introduction: In the realm of decision-making, a fundamental challenge arises when one party, known as the principal, delegates authority to another party, known as the agent, to act on their behalf. This situation sets the stage for the Principal-Agent Problem, a concept rooted in human psychology that has profound implications for our day-to-day lives. The […]