Exploration Through Delegation

Christo A. Pirinsky ()
Additional contact information
Christo A. Pirinsky: University of Central Florida, Business Administration and Finance

Chapter 8 in A Theory of Dynamic Preferences, 2026, pp 127-134 from Springer

Abstract: Abstract This chapter discusses exploration through delegation. By transferring responsibilities to others, people could explore states of the world that they are not even aware exist. People can delegate responsibilities to others either directly or indirectly by accepting their recommendations and advice. The chapter further argues that exploration could account for the growth and popularity of the advisory industry both at the personal and the business level. In a complex world, companies are increasingly seeking consultants to explore and implement emerging new technologies, industry trends, and new markets. The chapter also discusses the importance of trust for delegation. It argues that people with low levels of trust could under-delegate, while people with high levels of trust could over-delegate. The delegation of authority could also have a dark side, as the advisor might not always act in the best interest of the advisee.

Keywords: Advice; Degrees of separation; Delegation; Exploration; Judge-advisor system; Known unknowns; Recommendation; Trust; Unknow unknowns (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-032-13334-2_8

Ordering information: This item can be ordered from
http://www.springer.com/9783032133342

DOI: 10.1007/978-3-032-13334-2_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().