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Psychologist and *The Paradox of Choice* author Barry Schwartz explains that what separates Maximizers and Satisficers is not the quality of their decisions, it’s how these decisions make them feel: “Maximizers make good decisions and end up feeling bad about them. Satisficers make good decisions and end up feeling good.”
How to Not Die Alone
Logan Ury
The Principal Agent Problem
Summary:
Now, the principal agent problem pops up everywhere in micro economics. The way that they try to characterize it is that the principals incentives are different in the agent's incentives. So the owner of the business wants what is best for the business and will make the most money. The agent generally wants whatever will look good to the principal, or might make them the most friends in the neighborhood or in the business, or might make them personally the most money.
Transcript:
Speaker 1
Now, the principal agent problem pops up everywhere in micro economics. The way that they try to characterize it is that the principals incentives are different in the agent's incentives. So the owner of the business wants what is best for the business and will make the most money. The agent generally wants whatever will look good to the principal, or might make them the most friends in the neighborhood or in the business, or might make them personally the most money.
Principal-Agent Problem — Act Like an Owner
Naval
If the United States shuts off Chinese access to essential technologies, that would signal a major step up in the risk of a shooting war.
Principles for Dealing With the Changing World Order : Why Nations Succeed and Fail
Dalio, Ray
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