Busy Secretary - The Principal-Agent Problem
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- Опубліковано 25 гру 2024
- The principal-agent conflict is endemic in employer-employee and supervisor-supervisee relationships - created at goanimate.com/
Soundtrack: "mi-primer-y-ultimo-reggaeton" by BrunoXe
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For more economics cartoons, see / flashecon
Don't you like coffee anymore?
this was hard to watch but i liked it!
cheers! i've got an exam coming up tomorrow and this video helped me a lot:)
Nice way to visualise the concept but, with respect, this is really a periphery issue to the principal-agent problem. Really it's just a demotivated employee. The principal-agent problem is more complex and relates to the unintended consequences that can come from using an agent. For example, a CEO of a company (agent) may want to acquire a competitor. Maybe the deal doesn't make financial sense for the company but the CEO wants to do the deal to make their CV more diverse and because it's 'sexy' to do large M&A deals. So the CEO (agent) tries to persuade the shareholders (principal) that they should accept the deal. That's a more core issue of the principal-agent problem.
+Alex King The core issue is the misalignment of the interests between the principal and the agents. The agents are trying to capture private benefits at the expense of the principal when the cost of enforcing the principal's property rights is high. Such aggressive capture of private benefits can assume many different forms. Your rogue CEO is just another example.
It's true !
Thanks.
Can you give me any instance from agriculture, please ?
It'll be very helpful to me.
Right !
Can you please give me any example from agriculture about Principal Agent Problem ?
- You will be the Director. You will have tasks of a Secretary, you will have the salary of a Secretary.
- Oh Yes boss I love you and I'll work hard.
REALLY???
Why do they need to speak like robots??
Very good video, helped me understand the concept better!
I am familiar with Daniel Pink's TED lecture. My cartoon does not talk about bonuses. It talks about ownership and being one's boss. Mr. Pink's examples are not applicable to most work situations and should not be romanticized in most people's real world.
very wow, very meme
Thanks, this video helped a lot. Saved time and frustration.
I love job as secretary and it is my ambitions but I don't want to work like Linda. I love work as Secretary so much!
Hilarious, nice.
Dr. Fung the god
Nice
this is the worst video ever made but it does the job i guess
ja echt
@@brentkornegoor6937 bruh echt cringe
This is sexist. Surely there is a better way of showing principal-agent conflict. Completely unrealistic and archaic. Please educate yourself about employer-employee relationships.
thank u for the video.
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