4 ms·
This is from a mismatch in incentives and is well known. The agents maximize their income by getting lots of quick sales. The seller maximizes their profit by
by mbac32768 1y ago
This is from a mismatch in incentives and is well known.
The agents maximize their income by getting lots of quick sales. The seller maximizes their profit by being prepared to wait.
https://en.wikipedia.org/wiki/Principal%E2%80%93agent_problem https://en.wikipedia.org/wiki/Principal%E2%80%93agent_proble...