Problem
Suppose a plaintiff and defendant estimate the same probability of plaintiff victory at trial, P, but disagree about the amount that a victorious plaintiff will recover. The plaintiff estimates this amount to be Jp while the defendant estimates it to be Jd. Derive the conditions for settlement and trial. What must be true of Jp and Jd for a trial to occur?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.