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Explain the Concepts of Agency Theory

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Essay

Explain the concepts of agency theory.


Definitions:

Universal Generalization

A logical principle stating that what is true of all instances of a certain class can be said to be generally true of that class.

Existential Instantiation

A logical principle allowing for the inference of the existence of an instance of a predicate from a statement asserting the existence of some (possibly unspecified) instance.

Universal Instantiation

A logical rule stating that if something is true for everything in a certain category, it is true for each specific member of that category.

Existential Generalization

A logical inference rule that allows for the conclusion that something exists based on the existence of a particular instance.

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