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According to Albert Bandura's social cognitive theory, peers
Agency Costs
Costs arising from the conflict of interest between a principal (such as a shareholder) and an agent (such as a company manager), including monitoring and contracting costs.
Moral Hazard
A situation in economics where one party can take risks because they do not bear the full consequences of their actions, often due to asymmetric information or a disconnect between actions and consequences.
Information Gathering
The process of collecting data and information from various sources to make informed decisions or understand situations better.
Principal-agent Relationships
A scenario where one party (the principal) delegates work to another party (the agent), who performs that work on behalf of the principal.
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