Economic and Game Theory
|"Inside every small problem is a large problem struggling to get out."|
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I'm a post grad student at the University of Sydney looking at the application of Game Theory to the relationship between project feasibility consultants (the agent) and the person who has commissioned the work (the principal). In theory, the two should co-operate, but I am using "optimism bias" in project evaluation to explain why they don't. Anybody got any ideas why the two actually don't co-operate?
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