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mattnewport comments on Open Thread: June 2010 - Less Wrong
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The question of whether an agent's interests are aligned with the principal's is largely orthogonal to the question of whether the agent achieves a positive return. The agent's expected return is more relevant.
There were many agents involved in the recent financial unpleasantness whose harm was enabled by the principal-agent problem. My intended examples did not suffer that problem. I could have made that clearer.