A doctor pursuing the interests of his patients rather than his own interests is an example of the principal-agent problem.

Question

Quizplus · Accepted Answer

The principal-agent problem arises when an agent (such as a doctor) has different incentives than the principal (such as the patient) and may pursue their own interests over the principal's interests. A doctor pursuing the interests of his patients is not an example of the principal-agent problem, but rather an example of ethical and professional behavior.

A Doctor Pursuing the Interests of His Patients Rather Than