Principal Agent Problem

Famous quotes containing the words principal, agent and/or problem:

    “This place is the Devil, or at least his principal residence, they call it the University, but any other appellation would have suited it much better, for study is the last pursuit of the society; the Master eats, drinks, and sleeps, the Fellows drink, dispute and pun, the employments of the undergraduates you will probably conjecture without my description.”
    —George Gordon Noel Byron (1788–1824)

    “The childless experts on child raising also bring tears of laughter to my eyes when they say, “I love children because they’re so honest.” There is not an agent in the CIA or the KGB who knows how to conceal the theft of food, how to fake being asleep, or how to forge a parent’s signature like a child.”
    —Bill Cosby (20th century)

    “And just as there are no words for the surface, that is,
    No words to say what it really is, that it is not
    Superficial but a visible core, then there is
    No way out of the problem of pathos vs. experience.”
    —John Ashbery (b. 1927)