Principal-Agent Theory

Published by Mario Oettler on 17. February 202217. February 2022

Game Theory & Blockchain Principal-Agent Theory

Last Updated on 28. April 2023 by Martin Schuster

The principal-agent theory assumes that actors don’t have all the information available to decide. This means that this information is either missing or there is insufficient neuronal capacity to process all available information.

The principal-agent theory comprises three main problems:

Hidden characteristics
Hidden information/ hidden action

Hidden intentions

Lesson Content

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Moral Hazard

Adverse Selection in Principal-Agent Theory

Survey Lesson Principal-Agent Theory

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