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-- Posted by jennay at 6:59 am on Sep. 16, 2008
Anyone willing to help? i've calculated it out based on the variable results that would happen in each situation but I keep getting the question wrong, I'm not sure what I'm missing. (30 pts) The plaintiff could either have a high probability,h, or a low probability, l, of winning a judgement of $ at trial where 0 American Rule. Each party to the suit pays their own trial costs. English Rule. The losing party pays the trial costs of both parties. Under the American Rule what would be the lowest offer that a low probability plaintiff would accept? What would be the expected cost to the defendant of making the lowest settlement offer that only a low probability plaintiff would accept? What is the expected cost of making the lowest settlement offer that both types of the plaintiff would accept? edit- well i can get the expected values, i just cant figure out how to relate them to the specific questions theyre asking
-- Posted by Light Assassin at 7:03 am on Sep. 16, 2008
*crickets*
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