-Consider the game depicted in Figure 14.13. in the text If a motorist hits a pedestrian, the pedestrian incurs accident costs of $50. The cost of being diligent for both players is $5. If both players are diligent, the probability that an accident will occur is 5 percent. The payoffs from alternative strategy profiles suggest that the prevailing tort law regime is:
A) No liability.
B) Pure strict liability.
C) Negligence with contributory negligence.
D) Strict liability with contributory negligence.
E) Comparative negligence.

Question

-Consider the game depicted in Figure 14.13. in the text If a motorist hits a pedestrian, the pedestrian incurs accident costs of $50. The cost of being diligent for both players is $5. If both players are diligent, the probability that an accident will occur is 5 percent. The payoffs from alternative strategy profiles suggest that the prevailing tort law regime is:
A) No liability. 
B) Pure strict liability. 
C) Negligence with contributory negligence. 
D) Strict liability with contributory negligence. 
E) Comparative negligence.

Quizplus · Accepted Answer

The Answer of 
-Consider the game depicted in Figure 14.13. in the text If a motorist hits a pedestrian, the pedestrian incurs accident costs of $50. The cost of being diligent for both players is $5. If both players are diligent, the probability that an accident will occur is 5 percent. The payoffs from alternative strategy profiles suggest that the prevailing tort law regime is:
A) No liability. 
B) Pure strict liability. 
C) Negligence with contributory negligence. 
D) Strict liability with contributory negligence. 
E) Comparative negligence.

-Consider the Game Depicted in Figure 14