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tatyana61 [14]
2 years ago
10

"match the terms below on the left with the definitions to their right. do this by inserting into" ​ principal-agent problem

Biology
1 answer:
nata0808 [166]2 years ago
4 0
The principal-agent problem could be defined by saying that it is an agent who benefits from the effort of others without having even participated in the joint effort. It is a concept that is to be linked more broadly to the problems of information asymmetry.

<span>The term moral hazard refers to a type of market failure where the existence of insurance against a certain risk increases the likelihood of the occurrence of the event causing the risk.</span>

<u>The right answer is:</u>
Principal-agent problem matches with 2
Asymmetric information matches with 3
Adverse selection matches with 4
Moral hazard matches with 1
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Hair Coloring Experiment
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The independent variable (hair<em> colorin</em>) causes a <u>response</u> in the dependent one (colorin <em>effectiveness)</em>. The constant variable <u>can not change</u> (<em>curly or straight</em>), the control variable is <u>kept constant</u> (<em>time and environmental conditions</em>). The experimental group receives the <u>treatment</u> (<em>40 students</em>).

------------------------------------------------

INDEPENDENT VARIABLE

Refers to all the variables in an experiment that provoke a response in another variable. The independent variable is modified to analyze its effects on another variable. The researcher changes on purpose the independent variable to observe the response of the dependent variable.

<em>In the exposed example, the independent variable is the red hair coloring </em>

<em>- Red Hair Paint</em>

<em>- L’Oreal</em>

DEPENDENT VARIABLE

Refers to the variable, which response depends on any change in the independent variable. The change in the dependent variable might be proportional or inversely proportional to the change in the manipulated variable.

<em>In the exposed example, the dependent variable is the coloring effectiveness, seen through how well the coloring takes and lasts. </em>

CONSTANTS

This variable does not change during the whole experiment and under any circumstance. It <u>can not change</u>.

<em>In the exposed example, the constant variable is the type of hair, curly or straight. </em>

CONTROL

Controlled variables are kept constant in the control groups and the experimental groups. Unlike the independent variable, the controlled variables do not influence the results. These variables do not affect the response of the dependent variable.

<em>In the exposed example, the controlled variables are the exposure time to the colorings and environmental conditions, such as temperature, humidity, etc.</em>

EXPERIMENTAL GROUP

The experimental group receives the treatment. The researcher apply different treatments to the experimental groups to observe how they affect the dependent variable. There can be several experimental groups.

<em>In the exposed example, the general experimental group is the 40 students' hairs. Because coloring does not have the same effect on different hair colors, the experimental group includes,</em>

<em>- 10 blonds, </em>

<em>- 10 brunettes, </em>

<em>- 10 with black hair</em>

<em>- 10 with red hair</em>

<em>-------------------------------------------</em>

<em>Related link: brainly.com/question/24653783</em>

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