Principal Agent Problem

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

    For me, the principal fact of life is the free mind. For good and evil, man is a free creative spirit. This produces the very queer world we live in, a world in continuous creation and therefore continuous change and insecurity. A perpetually new and lively world, but a dangerous one, full of tragedy and injustice. A world in everlasting conflict between the new idea and the old allegiances, new arts and new inventions against the old establishment.
    Joyce Cary (1888–1957)

    Caution is the confidential agent of selfishness.
    Woodrow Wilson (1856–1924)

    Only in the problem play is there any real drama, because drama is no mere setting up of the camera to nature: it is the presentation in parable of the conflict between Man’s will and his environment: in a word, of problem.
    George Bernard Shaw (1856–1950)