In the principal-agent model,the manager is modeled as having all of the following elements except:

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In the principal-agent model, the manager (agent) is typically characterized by risk aversion, providing effort, and decision-making. However, the outcomes of actions are not an element attributed to the manager, as they are often uncertain and influenced by external factors beyond the manager's control.

In the Principal-Agent Model,the Manager Is Modeled as Having All