FH61011
Public homework submissions for ISES
ises2009 at turnbull.sk.tsukuba.ac.jp
Tue Jan 12 01:28:41 JST 2010
Dear Professor,
I am Milda Rimkute, student ID 200954205, and am sending my homework for "The introduction to social and economic sciences" class.
A principal - agent problem that I had experienced recently was when I was booking a holiday in the travel agency. I was buying the airplain tickets and booking hotel room, I had to rely on the information that they gave me in making my decision as to the characteristics of my holiday. They told me that although they do not know yet in which hotel i will be staying, they assured that it will probably be in a good location, peaceful with good food and service. There was no way for me to check their information, I had a suspicion that the hotel might be in an inconvenient place, with poor service and poor quality rooms. However,
it turned out to be a normal room wich was completely satisfying.
This was one of my principal-agent problems that I experienced.
Best regards,
Milda Rimkute
student ID 200954205
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