One Reason That Lawyers Might Prefer a Contingent Contract When

question 53

Multiple Choice

One reason that lawyers might prefer a contingent contract when representing a plaintiff in a tort case is that

• A) lawyers are risk neutral.
• B) diversification of many cases allows lawyers to reduce risk.
• C) lawyers are typically confident about winning every case.
• D) hourly rates for lawyers are usually very low.

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Definitions:

Cultural Worldview

Human-constructed shared symbolic conceptions of reality that imbue life with meaning, order, and permanence.

Prescribing Norms

The process of establishing expected behaviors or rules within a group or society, often dictating how members should act.

Prescribing Laws

The legal statutes and regulations that dictate how medications can be legally prescribed and dispensed.

Prisoner's Dilemma

A fundamental problem in game theory that demonstrates why two individuals might not cooperate, even if it appears that it is in their best interest to do so.