P Ilinov, A Matveenko, M Senkov, E Starkov - arXiv preprint arXiv …, 2022 - arxiv.org
This paper shows that the principal can strictly benefit from delegating a decision to an agent whose opinion differs from that of the principal. We consider a" delegated expertise" …
In the first chapter, we show that a biased principal can strictly benefit from hiring an agent with misaligned preferences or beliefs. We consider a``delegated expertise''problem in …