
What Is the Principal-Agent Problem and Why It Matters
The principal-agent problem occurs when someone acts on your behalf but has different incentives.
Changes accepted
Computed from the content the publisher accepted, line by line. Neither the contributor nor CitePep writes this diff by hand.
Why this is better
Mello et al. (2010) put total medical liability costs at approximately $55.6 billion, of which defensive medicine specifically accounted for about $45.6 billion of that total, not the full $55.6 billion. Verified the live article body already reflects the corrected breakdown. The faq field does not mention Mello or these dollar figures at all, so no secondary fix was needed there.
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