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Triangle Principal Agent in Actuality

With the principal-agent model, the actuality of these situations are day-in and day-out situations, but often times the triangle agent model is one that is more factor based. One that sticks in my mind as a situation that I saw from afar was this summer while I was working for large corporation in Chicago. The group that I was with had a main manager, with her reporting to the department head. The group used to be co-managed before another department needed a manager. With the change of a single manager, the manager implemented unofficial teams to include senior members of the team as team leaders, helping her workload in terms of assisting the group. While everyone still reported to the main manager, they unofficially were under the leadership of the two senior group members. With these two senior members, while it was not an official triangle principal agent with direct reports, there was an unofficial triangle situation. I noticed this from the people on the team that I was w...
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Managing Future Income Risk in the Present

As someone who categorizes themselves as relatively risk adverse, many of my past and current decisions have been made looking forward to the future. In this post, I think that my decisions would be best understood in the context of reducing income risk by grouping them into three categories: college, extra-curricular, and financial. The first category of decisions is those that deal directly with college. Thinking back to when I was deciding what school to go to, I had looked at different statistics in terms of post-graduation. I had looked at graduation rates as well as job placement, specifically with my initial program. I had come into college in the Actuarial Science program based on my love of and skills in math. The University of Illinois is an accredited university on the Center of Excellence list for actuaries, which is what employers look for when recruiting students. While I am not in the program anymore, I knew that overall the University of Illinois was highly ranked ...
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Illinibucks

If the University of Illinois were to begin implementing a program called Illinibucks to give students the ability to spend this currency to move spots in line, I believe that it would be a well-received program. Based on the premise and goal of this program, I think that there would be multiple categories that this could be used for. As mentioned, registering for classes is done on a priority basis, with top priority given to Honors students and athletes, followed by credit class year. For the students who are not in one of these priority groups, I believe that the idea of utilizing Illinibucks would be very well received. For those who are in large majors or really want to get into a specific class, they might be willing to spend their Illinibucks. Another thing on campus that would be able to utilize the Illinibucks program would be parking. For those that want to park on campus, it is often difficult to find a spot and expensive over the course of the semester. Depending on the qu...
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