Abstract:Aiming at the design problem of knowledge sharing incentive mechanism between mentors and apprentices, a multi-task the principal-agent model is established under the consideration of risk aversion between mentors and apprentices. The model analyzes the influences of the risk aversion of both mentors and apprentices on the incentive contract coefficient of the organization and the efforts that both parties made, and the income of the organization. The research shows that the optimal incentive coefficient of the organization to the master-apprentice is negatively correlated with their respective risk aversion -without the influences of risk aversion of the other parties. The organizational income, however, is negatively correlated with the risk aversion of the two parties. The efforts of the master's own work and the effort of knowledge sharing with apprentices are only negatively related to the master’s risk aversion. The effort of apprentices' work, however, is negatively correlated with the risk aversion of both parties. The further in-depth comparison of the master's efforts in completing his own work and knowledge sharing with apprentices shows that when the ratio of the teacher-apprentice output coefficient is greater than the upper threshold, the master pays more attention to his own work; when the ratio is less than the lower threshold, the master pays more attention to the knowledge sharing with his apprentices; when the master-apprentice output coefficient is between the upper and lower thresholds, the master inclined to share knowledge with apprentices only if the master’s risk aversion is less than a certain degree.