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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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Mid - Semester Blog Review

In reading back through my posts, I would say one of the themes that ties through from all my posts is my ties to the University of Illinois and those experiences. Majority of my posts revolved around student government experiences or the organization’s structure. The posts have helped me to look at my past experiences and be able to reflect on what I learned through those experiences. As a senior, I have been much more reflective as of late on what I have accomplished, learned and how I’ve grown. Student government has taught me about the person I am, but also has helped to guide me on the path of where I want to go in the future. I think that is why many of my posts have been rooted in my student government experience. It has been a big part of my life, and now seeing them through different economic lenses has been rewarding. Aside from addressing the prompts, I think that there are additional ways to tie what I wrote about to the course themes. There are aspects in each anecdot...
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