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The benefits of choosing an independent agent. Before you look for an independent agent to work with, decide if an independent or captive agent is right for you. To help you make an informed ...
The benefits of AI-powered assistants are vast — they are purchasing stocks on our behalf, waiting in digital queues to buy concert tickets for us, qualifying sales leads for our businesses, and ...
For every constant >, a randomized mechanism is called truthful with probability if for every agent and for every vector of bids, the probability that the agent benefits by bidding non-truthfully is at most , where the probability is taken over the randomness of the mechanism.
Goal-directed agents are also described using a term borrowed from economics, "rational agent". [1] An agent has an "objective function" that encapsulates all the IA's goals. Such an agent is designed to create and execute whatever plan will, upon completion, maximize the expected value of the objective function. [2]
If the agent receives a fixed fee, the agent may nonetheless act in a manner that is inconsistent with the principal's interests. The agent may adopt this strategy if they believe the negotiation is a one-shot game. The agent may adopt a different strategy if they account for reputational consequences of acting against the principal's interests.
Examples of positions available: Certified public accountants, enrolled agents, work-at-home tax specialists. Benefits: 401(k) plan, employee discount, vacation and paid time off.
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The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, who is authorized to act on behalf of another (called the principal) to create legal relations with a third party. [1]