This misalignment of model seems like it drives a hidden agency cost—where the agents/people you’ve delegated to /think/ their interests are aligned with yours but are actually not… and this is hard to account for. Do you know if there is a name for that type of agency cost, driven by the problem you describe?
Not that I know of! The principal-agent problem is when the agent knows its interests aren’t aligned, but I don’t know of one for a scenario where there is just confusion about how aligned an agent is with the principal are.
This misalignment of model seems like it drives a hidden agency cost—where the agents/people you’ve delegated to /think/ their interests are aligned with yours but are actually not… and this is hard to account for. Do you know if there is a name for that type of agency cost, driven by the problem you describe?
Not that I know of! The principal-agent problem is when the agent knows its interests aren’t aligned, but I don’t know of one for a scenario where there is just confusion about how aligned an agent is with the principal are.