John Roberts Econ 490 fall 2014

Personal Reputation and Behavior Thinking of my own experience working with others and feedbacks that I've received recently, I would say being reliable is one of my reputation that I developed since freshman year.  I value efficiency and hate procrastinating. So whenever I work with others or I work alone, I have the habit to make a plan and stick to my schedule. In my typical day, after I went back home from classes, I would list the things that I need to finish today and write them in the app "evernote". Then I started working, checking one by one until finish all the work. I found this work well for me because when I check something out after I finish the work, the feeling of achievement motivates me to keep going. So that's the reason I've never missed any due day for homework, paper or anything.  In the terms of working with others, I always keep a self-motivated pace and impact others as well. As the assistant treasurer in my organization, I'm no...

Principle-Agent Triangle Model The triangle relationship might cause conflicts because the two principles have different standards of what is called a "good performance". As the example like a lawyer, he or she is probably expected to solve the case as soon as possible and earn high profits from customers by the law firm. But from the perspective of customers, a good performance is expected to be responsibility, great efforts or simply wining in the case. Since two principles' have different views on agent's performance, it gets hard to satisfy both sides at the same time for agent. Actually the example given in the class is a little bit different. Regulators who worked in government is likely to work in companies which they have involved with after they retired. So in this situation, government needs to maximize overall benefit in the market, while companies are more interested in industry profits. So when the agents (regulators) satisfy government interest,...