Great post! It explained clearly both positions, clarified the potential uses of PAL and proposed variations when it was considered accessible.
Maybe my only issue is with the (lack of) definition of the principal-agent problem. The rest of the post works relatively well without you defining it explicitly, but I think a short definition (even just a rephrasing of the one on Wikipedia) would make the post even more readable.
Great post! It explained clearly both positions, clarified the potential uses of PAL and proposed variations when it was considered accessible.
Maybe my only issue is with the (lack of) definition of the principal-agent problem. The rest of the post works relatively well without you defining it explicitly, but I think a short definition (even just a rephrasing of the one on Wikipedia) would make the post even more readable.
Thanks! Yeah, we probably should have included a definition. The wikipedia page is good.