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A generalization of a classical model in contract theory: The agent behavior

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arxiv 1107.2881 v1 pith:35ZOMDE2 submitted 2011-07-14 math.OC cs.GT

A generalization of a classical model in contract theory: The agent behavior

Francisco Guti\'errez , Camilo Argoty , Stefany Moreno This is my paper
classification math.OC cs.GT
keywords agentclassicalmodelcontracttheoryagentsallowinganalyze
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We present a first approximation of agent behaviour in a generalized model in contract theory. This model relaxes some of the the assumptions of one of the classical models allowing to include a broader range of agents. We introduce the motivation for the agent and reinterpret the classical definition of risk perception. Besides, we analyze different scenarios for the relation between the effort exerted by the agent and the probability that he gets an especfic result.

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