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Esteban Works in a Nursing Home and Notices That Quite

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Esteban works in a nursing home and notices that quite a few patients have had episodes of C.difficile diarrhea (CDD) ,which he knows to be one of the most common types of infectious diarrheas in the U.S.Why might CDD be so common in nursing homes?

Understand the principle of aligning decision-making with information availability.
Identify strategies to mitigate agency costs.
Understand the principle of decentralizing decision-making based on information distribution.
Grasp the concept of monitoring and its importance for the principal in evaluating and incentivizing agent performance.

Definitions:

Adult Children

Adults who are considered from a parent's perspective, often in discussions about family dynamics and relationships.

Middle-aged

Pertains to individuals who are in the mid-point of their lives, typically considered between the ages of 40 and 65.

Generations

Periods of time, usually considered to be about 30 years, that separate birth cohorts, leading to differing attitudes and values among groups.

Wage Gap

The difference in average earnings between different groups in the workforce, particularly seen in the disparity between men and women's earnings.

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