Motivating Innovation with Misspecified Contracts

arXiv:2602.18879v1 Announce Type: new Abstract: We propose a new principal-agent framework where a principal communicates a roadmap -- a set of plausible outcome models and a prior belief over them -- to guide an agent who is learning the value of innovation. The agent trusts ...

🔗 Read more: https://arxiv.org/abs/2602.18879

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