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Unformatted text preview: b. Bob Woodward, Bush politics i. Rumsfeld defense ii. Small military front initially 4. Delegation of Responsibilities. a. Government, a series of delegation of responsibility, delegation relationships. b. Assumes self interest. c. Assymetry of information, as soon as you delegate to someone else, they know something you don't, they can use to get what they want instead of what you want d. The Principal and Agent Problem ( Moral Hazard Problem) i. Principal: Delegating ii. Agent: Person to whom the work is delegated. e. If delegation is neccesary: i. Who Should you delegate to? ii. Advisor: 1. Common idea that should appoint middle of the road. Not true. Personal interest still in play....
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- Spring '08