Malaysia agrees to resume 'no find, no fee' hunt for flight MH370, 10 years after plane disappeared
ctvnews.ca
A U.S. company is betting its own money it can find MH370 — a plane that vanished a decade ago and defeated the costliest search in aviation history.
Principal-Agent ProblemGame TheoryIncentive TheoryExpected Value Theory
Theory Briefing
- Malaysia accepted a 'no find, no fee' deal, meaning a U.S. company only gets paid if it actually locates the wreckage.
- MH370 disappeared ten years ago with 239 people aboard, making it aviation's greatest unsolved mystery.
- A previous search effort already failed, raising the question of what new approach or technology this company is wagering on.
- The contingency-fee structure shifts all financial risk onto the private firm, giving Malaysia little to lose by agreeing.