I don’t know any game theory terms, but in law, there’s the high-low agreement, where the plaintiff agrees that the maximum exposure is X, and the defendant agrees that the minimum exposure is Y (a lower number). It aims to reduce the volatility of trial.
I don’t know any game theory terms, but in law, there’s the high-low agreement, where the plaintiff agrees that the maximum exposure is X, and the defendant agrees that the minimum exposure is Y (a lower number). It aims to reduce the volatility of trial.