PDF-RobustnessandLinearContractsGabrielCarroll,StanfordUniversitygdc@stanf

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uncertaintyWhatshouldsuchacontractlooklikeInourmodelasinstandardmoralhazardmodelstheagenttakesanunobservedcostlyactionwhichproducesastochasticoutputTheprincipalgivesincentivesbypayingtheagentbas

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RobustnessandLinearContractsGabrielCarroll,StanfordUniversitygdc@stanf: Transcript


uncertaintyWhatshouldsuchacontractlooklikeInourmodelasinstandardmoralhazardmodelstheagenttakesanunobservedcostlyactionwhichproducesastochasticoutputTheprincipalgivesincentivesbypayingtheagentbas. stanf ordedu re or Hastie Depar tment of Statistics Stanf ord Univ ersity Stanf ord CA 94305 USA hastiestanf ordedu enneth Church Microsoft Research Microsoft Cor por ation Redmond 98052 USA churchmicrosoftcom ABSTRA CT There has een considerable in This is a fundamental question Compared to this question all other questions seem trivial Yes God would have had many choices if He had wanted to create a barren universe However in order to create a universe where life is possible with the same se SusanTurkCharles,DepartmentofPsychologyandSocialBehavior,UniversityofCalifornia,Irvine;MaraMather,DepartmentofPsychology,UniversityofCalifornia,SantaCruz;LauraL.Carstensen,DepartmentofPsychology,Stanf 170 Grenon, SmithHornsby, K. and Egenhofer, M. (2000). Identity-Based Change: A Foundation for Spatio-Temporal Knowledge Representation. International Journal of Geographical Information Science, 14: RichardSocher,EricH.Huang,JeffreyPennington,AndrewY.Ng,ChristopherD.ManningComputerScienceDepartment,StanfordUniversity,Stanford,CA94305,USASLACNationalAcceleratorLaboratory,StanfordUniversity,Stanf

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